RIVER TROPICS

Area Intelligence
2022
Median Price
RM 446,000
PSF: RM 324

Residential PSF Trends

Median Price

RM 446,000

PSF: RM 324

RIVER TROPICS in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 446K and a median price per square foot (PSF) of RM 324.

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 446K, with most transactions falling within a stable range of RM 409K to RM 482K, and a typical market range of RM 400K to RM 482K.

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

The median PSF stands at RM 324, with core pricing between RM 285 and RM 362. Market pricing typically extends from RM 275.01 to RM 372.26, reflecting moderate variation in unit pricing. With an IQR of RM 97.25 and MAD of RM 39, 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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Transactions

4 transactions grouped by size

1,350 sqft
Condo/Apartment
RM 482,000
Level 11
1,336 sqft · RM 361 PSF
1,450 sqft
Condo/Apartment
RM 410,000
Level 14
1,432 sqft · RM 286 PSF
RM 635,000
Level 14
1,432 sqft · RM 444 PSF
RM 400,000
Level 15
1,464 sqft · RM 273 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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