TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 26 subsale transactions in 2023, with a median price of RM 645K and a median price per square foot (PSF) of RM 672.

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 570K to RM 720K, and a typical market range of RM 573K to RM 718K.

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

For price per square foot, the median is RM 672, with most transactions between RM 624 and RM 720. The usual range is RM 624.50 to RM 718.50, 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.