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 489K to RM 500K, and a typical market range of RM 470K to RM 500K.

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

Price per square foot shows a median of RM 687, though individual units vary from RM 546 to RM 828 in the core range. The broader market spans RM 640.00 to RM 734.00, indicating diverse property characteristics. The spread of RM 94.00 (IQR) and deviation of RM 141 (MAD) suggest moderate price variations reflecting different property features.

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.