RIVER TROPICS

RIVER TROPICS in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2021, with a median price of RM 629K and a median price per square foot (PSF) of RM 461.

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 629K, with most transactions falling within a stable range of RM 624K to RM 646K, and a typical market range of RM 624K to RM 667K.

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

For price per square foot, the median is RM 461, with most transactions between RM 439 and RM 482. The usual range is RM 411.88 to RM 509.13, showing that most units are priced quite close to each other. With an IQR of RM 97.25 and MAD of RM 21, 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.