TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 13 subsale transactions in 2021, with a median price of RM 530K 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 530K, with most transactions falling within a stable range of RM 455K to RM 605K, and a typical market range of RM 458K to RM 603K.

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 583 and RM 679. 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 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.