TROPICANA BAY RESIDENCES

Area Intelligence
2022
Median Price
RM 618,000
PSF: RM 654

Residential PSF Trends

Median Price

RM 618,000

PSF: RM 654

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 33 subsale transactions in 2022, with a median price of RM 618K and a median price per square foot (PSF) of RM 654.

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 618K, with most transactions falling within a stable range of RM 543K to RM 693K, and a typical market range of RM 546K to RM 691K.

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

For price per square foot, the median is RM 654, with most transactions between RM 606 and RM 702. The usual range is RM 607.00 to RM 701.00, showing that most units are priced quite close to each other. With an IQR of RM 94.00 and MAD of RM 48, 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. Moderate transaction volume may require patience when buying or selling.

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TROPICANA BAY RESIDENCES, Timur Laut, Penang

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Transactions

5 transactions grouped by size

400 sqft
Condo/Apartment
RM 400,000
Level 9
400 sqft · RM 1,000 PSF
450 sqft
Condo/Apartment
RM 395,000
Level 19
455 sqft · RM 868 PSF
RM 360,000
Level 9
455 sqft · RM 791 PSF
550 sqft
Condo/Apartment
RM 480,000
Level 19
550 sqft · RM 873 PSF
850 sqft
Condo/Apartment
RM 500,000
Level 10
872 sqft · RM 573 PSF

No Properties For Sale

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

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