TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 26 subsale transactions in 2023, with a median price of RM 645K and a median price per square foot (PSF) of RM 672.

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 645K, with most transactions falling within a stable range of RM 519K to RM 771K, and a typical market range of RM 573K to RM 718K.

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

The median PSF stands at RM 672, with core pricing between RM 566 and RM 777. Market pricing typically extends from RM 624.50 to RM 718.50, reflecting moderate variation in unit pricing. The spread of RM 94.00 (IQR) and deviation of RM 105 (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. Moderate transaction volume may require patience when buying or selling.