TROPICANA BAY RESIDENCES

Area Intelligence
2023
Median Price
RM 590,000
PSF: RM 745

Residential PSF Trends

Median Price

RM 590,000

PSF: RM 745

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.

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TROPICANA BAY RESIDENCES, Timur Laut, Penang

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Transactions

11 transactions grouped by size

400 sqft
Condo/Apartment
RM 400,000
Level 6
400 sqft · RM 1,000 PSF
450 sqft
Condo/Apartment
RM 360,000
Level 7
455 sqft · RM 791 PSF
RM 400,000
Level 9
455 sqft · RM 879 PSF
850 sqft
Condo/Apartment
RM 725,000
Level 13
872 sqft · RM 831 PSF
RM 610,000
Level 18
872 sqft · RM 700 PSF
RM 590,000
Level 17
872 sqft · RM 677 PSF
RM 570,000
Level 12
872 sqft · RM 654 PSF
RM 508,000
Level 13
872 sqft · RM 583 PSF
RM 650,000
Level 10
872 sqft · RM 745 PSF
RM 650,000
Level 12
872 sqft · RM 745 PSF
RM 660,000
Level 14
872 sqft · RM 757 PSF

No Properties For Sale

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

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