Tropicana Bay Residences
Persiaran Bayan Indah, 11900 Bayan Lepas, Penang, Malaysia
Persiaran Bayan Indah, 11900 Bayan Lepas, Penang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Level 16
|
RM 645,000
|
RM 617
|
1,045 sqft
|
|
Condo |
|
Level 16
|
RM 645,000
|
RM 613
|
1,053 sqft
|
|
Condo |
|
Level 15
|
RM 595,000
|
RM 569
|
1,045 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 645,000
RM 613 psfMedian transaction price
Persiaran Bayan Indah, 11900 Bayan Lepas, Penang, Malaysia
MapsTropicana Bay Residences in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 1,025 and 1,074 sqft, with a median price of RM 645K and a median price per square foot (PSF) of RM 613.
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 645K, with most transactions falling within a stable range of RM 621K to RM 645K, and a typical market range of RM 595K to RM 645K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 613, with most transactions between RM 591 and RM 634. The usual range is RM 565.70 to RM 659.70, showing that most units are priced quite close to each other. With an IQR of RM 94.00 and MAD of RM 22, 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.