TROPICANA BAY RESIDENCES

Area Intelligence
2022
Median Price
RM 618,000
PSF: RM 654

Residential PSF Trends

Median Price

RM 618,000

PSF: RM 654

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 33 subsale transactions in 2022, with a median price of RM 618K and a median price per square foot (PSF) of RM 654.

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 618K, with most transactions falling within a stable range of RM 750K to RM 670K, and a typical market range of RM 750K to RM 691K.

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

For price per square foot, the median is RM 654, with most transactions between RM 596 and RM 712. The usual range is RM 607.00 to RM 701.00, showing that most units are priced quite close to each other. With an IQR of RM 94.00 and MAD of RM 58, 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.

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TROPICANA BAY RESIDENCES, Timur Laut, Penang

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Transactions

6 transactions grouped by size

1,000 sqft
Condo/Apartment
RM 750,000
Level 14
1,020 sqft · RM 735 PSF
1,300 sqft
Condo/Apartment
RM 760,000
Level 5
1,320 sqft · RM 576 PSF
RM 870,000
Level 16
1,320 sqft · RM 659 PSF
RM 800,000
Level 18
1,320 sqft · RM 606 PSF
RM 870,000
Level 9
1,320 sqft · RM 659 PSF
RM 750,000
Level 13
1,320 sqft · RM 568 PSF

No Properties For Sale

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

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