Tropicale Residency
30, Jalan Machang Bubok 2, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
30, Jalan Machang Bubok 2, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Lorong Tropika 2
|
RM 650,000
|
RM 408
|
1,593 sqft
|
|
|
|
Lorong Tropika 2
|
RM 575,000
|
RM 361
|
1,593 sqft
|
|
|
|
Lorong Tropika 2
|
RM 640,000
|
RM 402
|
1,593 sqft
|
|
|
|
Lorong Tropika 2
|
RM 628,000
|
RM 394
|
1,593 sqft
|
|
|
|
Lorong Tropika 2
|
RM 638,000
|
RM 400
|
1,593 sqft
|
|
|
Lorong Tropika 4
|
RM 650,000
|
RM 368
|
1,765 sqft
|
|
|
|
Lorong Tropika 4
|
RM 580,000
|
RM 329
|
1,765 sqft
|
|
|
|
Lorong Tropika 2
|
RM 780,000
|
RM 442
|
1,765 sqft
|
|
|
Lorong Tropika 7
|
RM 825,000
|
RM 327
|
2,526 sqft
|
|
|
Lorong Tropika 6
|
RM 960,000
|
RM 339
|
2,830 sqft
|
|
|
Lorong Tropika 5
|
RM 1,035,000
|
RM 356
|
2,906 sqft
|
|
|
Lorong Tropika 3
|
RM 968,000
|
RM 319
|
3,035 sqft
|
|
|
Lorong Tropika 3
|
RM 1,270,000
|
RM 300
|
4,230 sqft
|
|
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Market Snapshot
ResidentialRM 650,000
RM 361 psfMedian transaction price
30, Jalan Machang Bubok 2, 14000 Bukit Mertajam, Pulau Pinang, Malaysia
MapsTropicale Residency in Seberang Perai Tengah, Penang recorded 13 subsale transactions in 2022, with a median price of RM 650K 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 650K, with most transactions falling within a stable range of RM 575K to RM 856K, and a typical market range of RM 575K to RM 776K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 361, with core pricing between RM 321 and RM 401. Market pricing typically extends from RM 321.19 to RM 400.69, reflecting moderate variation in unit pricing. With an IQR of RM 79.50 and MAD of RM 40, 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.