Penang
Timur Laut
13
TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES

Area Intelligence

2021

Median Price

RM 550,000

PSF: RM 631

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Residential PSF Trends

Median Price

RM 550,000

PSF: RM 631

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 19 subsale transactions in 2021, with a median price of RM 550K and a median price per square foot (PSF) of RM 631.

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 550K, with most transactions falling within a stable range of RM 750K to RM 598K, and a typical market range of RM 750K to RM 623K.

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

For price per square foot, the median is RM 631, with most transactions between RM 595 and RM 667. The usual range is RM 584.00 to RM 678.00, showing that most units are priced quite close to each other. With an IQR of RM 94.00 and MAD of RM 36, 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.

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TROPICANA BAY RESIDENCES, Timur Laut, Penang

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Transactions

4 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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Road	Price	Land PSF	Land	Date	Type

1,300 sqft

Condo/Apartment

1,300 sqft

Condo/Apartment

RM 870,000

Level 18

1,320 sqft · RM 659 PSF

Nov 2021

RM 860,000

Level 20

1,320 sqft · RM 652 PSF

Oct 2021

RM 750,000

Level 13

1,320 sqft · RM 568 PSF

Aug 2021

RM 847,000

Level 21

1,320 sqft · RM 642 PSF

Jul 2021

Level 18	RM 870,000	RM 659	1,320 sqft	Nov 2021
Level 20	RM 860,000	RM 652	1,320 sqft	Oct 2021
Level 13	RM 750,000	RM 568	1,320 sqft	Aug 2021
Level 21	RM 847,000	RM 642	1,320 sqft	Jul 2021