Penang
Timur Laut
13
TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES

Area Intelligence

2023

Median Price

RM 645,000

PSF: RM 672

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Residential PSF Trends

Median Price

RM 645,000

PSF: RM 672

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 26 subsale transactions in 2023, with a median price of RM 645K and a median price per square foot (PSF) of RM 672.

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 645K, with most transactions falling within a stable range of RM 626K to RM 400K, and a typical market range of RM 573K to RM 400K.

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

The median PSF stands at RM 672, with core pricing between RM 586 and RM 757. Market pricing typically extends from RM 624.50 to RM 718.50, reflecting moderate variation in unit pricing. With an IQR of RM 94.00 and MAD of RM 86, 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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