River Tropics
Seberang Jaya, 13700 Perai, Penang, Malaysia
Seberang Jaya, 13700 Perai, Penang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 17
|
RM 499,000
|
RM 349
|
1,432 sqft
|
|
Condo |
| 2023 | |||||
|
Level 8
|
RM 647,000
|
RM 442
|
1,464 sqft
|
|
Condo |
|
Level 13
|
RM 490,000
|
RM 335
|
1,464 sqft
|
|
Condo |
| 2022 | |||||
|
Level 14
|
RM 410,000
|
RM 286
|
1,432 sqft
|
|
Condo |
|
Level 14
|
RM 635,000
|
RM 444
|
1,432 sqft
|
|
Condo |
|
Level 15
|
RM 400,000
|
RM 273
|
1,464 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 494,500
RM 342 psfMedian transaction price
Seberang Jaya, 13700 Perai, Penang, Malaysia
MapsRiver Tropics in Seberang Perai Tengah, Penang recorded 6 subsale transactions between 2021 and 2026, sized between 1,425 and 1,474 sqft, with a median price of RM 495K and a median price per square foot (PSF) of RM 342.
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 495K, with most transactions falling within a stable range of RM 400K to RM 592K, and a typical market range of RM 425K to RM 564K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 342, with core pricing between RM 274 and RM 409. Market pricing typically extends from RM 293.02 to RM 390.27, reflecting moderate variation in unit pricing. The spread of RM 97.25 (IQR) and deviation of RM 67 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.