TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 16 subsale transactions in 2022, with a median price of RM 543K and a median price per square foot (PSF) of RM 687.

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 543K, with most transactions falling within a stable range of RM 468K to RM 618K, and a typical market range of RM 470K to RM 615K.

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

For price per square foot, the median is RM 687, with most transactions between RM 639 and RM 735. The usual range is RM 640.00 to RM 734.00, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.