TROPEZ RESIDENCE

TROPEZ RESIDENCE in Johor Bahru, Johor recorded 20 subsale transactions in 2023, with a median price of RM 350K and a median price per square foot (PSF) of RM 505.

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 350K, with most transactions falling within a stable range of RM 260K to RM 445K, and a typical market range of RM 262K to RM 438K.

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

The median PSF stands at RM 505, with core pricing between RM 418 and RM 593. Market pricing typically extends from RM 441.38 to RM 568.63, reflecting moderate variation in unit pricing. The spread of RM 127.25 (IQR) and deviation of RM 88 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.