TROPICALE RESIDENCY

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2021, with a median price of RM 639K and a median price per square foot (PSF) of RM 361.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 639K, with most transactions falling within a stable range of RM 565K to RM 775K, and a typical market range of RM 565K to RM 765K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

The median PSF stands at RM 361, with core pricing between RM 310 and RM 411. Market pricing typically extends from RM 320.75 to RM 400.25, reflecting moderate variation in unit pricing. With an IQR of RM 79.50 and MAD of RM 51, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.