TROPICANA BAY RESIDENCES

TROPICANA BAY RESIDENCES in Timur Laut, Penang recorded 33 subsale transactions in 2022, with a median price of RM 618K and a median price per square foot (PSF) of RM 654.

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 618K, with most transactions falling within a stable range of RM 495K to RM 741K, and a typical market range of RM 546K to RM 691K.

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

The median PSF stands at RM 654, with core pricing between RM 543 and RM 765. Market pricing typically extends from RM 607.00 to RM 701.00, reflecting moderate variation in unit pricing. The spread of RM 94.00 (IQR) and deviation of RM 111 (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.