TROPICALE RESIDENCY

TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2023, with a median price of RM 775K and a median price per square foot (PSF) of RM 372.

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 775K, with most transactions falling within a stable range of RM 568K to RM 1.26 million, and a typical market range of RM 649K to RM 901K.

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

For price per square foot, the median is RM 372, with most transactions between RM 336 and RM 408. The usual range is RM 332.25 to RM 411.75, showing that most units are priced quite close to each other. With an IQR of RM 79.50 and MAD of RM 36, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.