TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 15 subsale transactions in 2024, with a median price of RM 610K and a median price per square foot (PSF) of RM 682.

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 610K, with most transactions falling within a stable range of RM 535K to RM 685K, and a typical market range of RM 538K to RM 683K.

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

For price per square foot, the median is RM 682, with most transactions between RM 634 and RM 730. The usual range is RM 635.00 to RM 729.00, 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. Limited transaction history suggests carefully evaluating comparable sales data.