RIVER TROPICS

RIVER TROPICS in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 446K and a median price per square foot (PSF) of RM 324.

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 446K, with most transactions falling within a stable range of RM 400K to RM 540K, and a typical market range of RM 400K to RM 516K.

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

Price per square foot shows a median of RM 324, though individual units vary from RM 255 to RM 392 in the core range. The broader market spans RM 274.88 to RM 372.13, indicating diverse property characteristics. The spread of RM 97.25 (IQR) and deviation of RM 68 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.