RIVER TROPICS

Area Intelligence

2023

Median Price

RM 495,000

PSF: RM 349

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Residential PSF Trends

Median Price

RM 495,000

PSF: RM 349

RIVER TROPICS in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, priced between RM 300K and RM 500K, with a median price of RM 495K and a median price per square foot (PSF) of RM 349.

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 490K to RM 500K, and a typical market range of RM 490K to RM 500K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 349, with most transactions between RM 335 and RM 363. The usual range is RM 300.19 to RM 397.44, showing that most units are priced quite close to each other. With an IQR of RM 97.25 and MAD of RM 14, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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RIVER TROPICS, Seberang Perai Tengah, Penang

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