TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 11 subsale transactions in 2023, with a median price of RM 590K and a median price per square foot (PSF) of RM 745.

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 590K, with most transactions falling within a stable range of RM 473K to RM 707K, and a typical market range of RM 518K to RM 663K.

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

The median PSF stands at RM 745, with core pricing between RM 636 and RM 854. Market pricing typically extends from RM 698.00 to RM 792.00, reflecting moderate variation in unit pricing. With an IQR of RM 94.00 and MAD of RM 109, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.