TROPICALE RESIDENCY
Residential Market
Median Price
RM 650,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Double Storey Terraced
19 properties
Median Price
RM 653,500
+1.5% CAGR
Median PSF
RM 380.75
+1.1% CAGR
Detached
8 properties
Median Price
RM 1,439,000
+63.9% CAGR
Median PSF
RM 327.00
-2.5% CAGR
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Double Storey Terraced | 19 |
RM 653,500
±15K MAD
|
+1.49% |
RM 380.75
±15 MAD
|
+1.05% | |
| Detached | 8 |
RM 1,439,000
±471K MAD
|
+63.89% |
RM 327.00
±8 MAD
|
-2.48% |
TROPICALE RESIDENCY in Seberang Perai Tengah, Penang recorded 13 subsale transactions in 2022, with a median price of RM 650K and a median price per square foot (PSF) of RM 356.
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 650K, with most transactions falling within a stable range of RM 575K to RM 856K, and a typical market range of RM 575K to RM 782K.
Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 356, with core pricing between RM 302 and RM 410. Market pricing typically extends from RM 318.25 to RM 393.75, reflecting moderate variation in unit pricing. The spread of RM 75.50 (IQR) and deviation of RM 54 (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. Limited transaction history suggests carefully evaluating comparable sales data.
Filter by type, year, price, and size
Transactions
13 properties grouped by size
| Road | Price | PSF | Size | Date | Type |
|---|
|
LORONG TROPIKA 2
|
RM 650,000
|
RM 445.00
|
1,460 sqft
|
Nov 2022
|
|
|
LORONG TROPIKA 2
|
RM 640,000
|
RM 438.00
|
1,460 sqft
|
Aug 2022
|
|
|
LORONG TROPIKA 2
|
RM 628,000
|
RM 432.00
|
1,453 sqft
|
May 2022
|
|
|
LORONG TROPIKA 2
|
RM 638,000
|
RM 437.00
|
1,460 sqft
|
Apr 2022
|
|
LORONG TROPIKA 4
|
RM 650,000
|
RM 401.00
|
1,620 sqft
|
Aug 2022
|
|
|
LORONG TROPIKA 4
|
RM 580,000
|
RM 358.00
|
1,620 sqft
|
May 2022
|
|
LORONG TROPIKA 2
|
RM 575,000
|
RM 338.00
|
1,700 sqft
|
Nov 2022
|
|
LORONG TROPIKA 7
|
RM 825,000
|
RM 327.00
|
2,526 sqft
|
Sep 2022
|
|
LORONG TROPIKA 2
|
RM 780,000
|
RM 287.00
|
2,720 sqft
|
Mar 2022
|
|
LORONG TROPIKA 6
|
RM 960,000
|
RM 339.00
|
2,830 sqft
|
Jan 2022
|
|
LORONG TROPIKA 5
|
RM 1,035,000
|
RM 356.00
|
2,906 sqft
|
Mar 2022
|
|
LORONG TROPIKA 3
|
RM 968,000
|
RM 319.00
|
3,035 sqft
|
Jun 2022
|
|
LORONG TROPIKA 3
|
RM 1,270,000
|
RM 300.00
|
4,230 sqft
|
May 2022
|