TROPICANA BAY RESIDENCES

Area Intelligence
2021
Median Price
RM 798,500
PSF: RM 634

Residential PSF Trends

Median Price

RM 798,500

PSF: RM 634

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 6 subsale transactions in 2021, with a median price of RM 799K and a median price per square foot (PSF) of RM 634.

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 799K, with most transactions falling within a stable range of RM 690K to RM 870K, and a typical market range of RM 726K to RM 870K.

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

For price per square foot, the median is RM 634, with most transactions between RM 600 and RM 667. The usual range is RM 586.50 to RM 680.50, showing that most units are priced quite close to each other. With an IQR of RM 94.00 and MAD of RM 34, 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. Limited transaction history suggests carefully evaluating comparable sales data.

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TROPICANA BAY RESIDENCES, Timur Laut, Penang

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Transactions

6 transactions grouped by size

1,000 sqft
Condo/Apartment
RM 638,000
Level 18
1,020 sqft · RM 625 PSF
RM 600,000
Level 10
1,020 sqft · RM 588 PSF
1,300 sqft
Condo/Apartment
RM 870,000
Level 18
1,320 sqft · RM 659 PSF
RM 860,000
Level 20
1,320 sqft · RM 652 PSF
RM 750,000
Level 13
1,320 sqft · RM 568 PSF
RM 847,000
Level 21
1,320 sqft · RM 642 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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