RIVER TROPICS

RIVER TROPICS in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2021, with a median price of RM 629K and a median price per square foot (PSF) of RM 460.

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 629K, with most transactions falling within a stable range of RM 534K to RM 724K, and a typical market range of RM 560K to RM 699K.

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

The median PSF stands at RM 460, with core pricing between RM 382 and RM 538. Market pricing typically extends from RM 411.59 to RM 508.84, reflecting moderate variation in unit pricing. The spread of RM 97.25 (IQR) and deviation of RM 78 (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. 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.