RIVER TROPICS

Area Intelligence

2023

Median Price

RM 573,500

PSF: RM 402

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Residential PSF Trends

Median Price

RM 573,500

PSF: RM 402

RIVER TROPICS in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, priced between RM 500K and RM 750K, with a median price of RM 574K and a median price per square foot (PSF) of RM 402.

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 574K, with most transactions falling within a stable range of RM 500K to RM 647K, and a typical market range of RM 504K to RM 643K.

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

For price per square foot, the median is RM 402, with most transactions between RM 363 and RM 442. The usual range is RM 353.82 to RM 451.07, showing that most units are priced quite close to each other. With an IQR of RM 97.25 and MAD of RM 40, 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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