TROPICANA GARDENS in Petaling, Selangor recorded 25 subsale transactions in 2023, with a median price of RM 780K and a median price per square foot (PSF) of RM 1,062.
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 780K, with most transactions falling within a stable range of RM 614K to RM 946K, and a typical market range of RM 469K to RM 1.09 million.
Most transactions involved service apartment, with minimal variety in property types.
For price per square foot, the median is RM 1,062, with most transactions between RM 1,005 and RM 1,120. The usual range is RM 995.13 to RM 1,128.88, showing that most units are priced quite close to each other. With an IQR of RM 133.75 and MAD of RM 58, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.
