Penang
Timur Laut
13
TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES

Area Intelligence

2024

Median Price

RM 580,000

PSF: RM 685

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Residential PSF Trends

Median Price

RM 580,000

PSF: RM 685

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 8 subsale transactions in 2024, with a median price of RM 580K and a median price per square foot (PSF) of RM 685.

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 580K, with most transactions falling within a stable range of RM 579K to RM 428K, and a typical market range of RM 508K to RM 428K.

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

Price per square foot shows a median of RM 685, though individual units vary from RM 502 to RM 869 in the core range. The broader market spans RM 638.00 to RM 732.00, indicating diverse property characteristics. A wider spread (IQR: RM 94.00) and deviation (MAD: RM 184) indicate significant PSF variations, likely due to diverse property types or conditions.

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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