TROPICANA BAY RESIDENCES

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 543K to RM 693K, and a typical market range of RM 546K 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 606 and RM 702. 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 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.