Tropicana Bay Residences
Timur Laut, Penang · High-rise (condo, apartment, flat) · Freehold
Homes in Tropicana Bay Residences have sold for a median of
RM600,000
RM653 psf on the recorded floor area
Half of the 94 recorded sales fell between RM550,000 and RM695,000. One in ten went under RM425,900, one in ten over RM753,500. Sales run from 3 March 2021 to 9 September 2024.
Up 11% from a RM550,000 median in 2021 to RM610,000 in 2024.
On mudah.my right now — 74 ads naming Tropicana Bay Residences
Sellers are asking a median of
RM669 psf
That is +2% above the RM653 psf buyers actually paid here across all recorded sales. Same scheme, same kind of home, same floor-area basis.
Ads asking between RM531,250 and RM747,500 make up the middle half. An ad may still describe a renovated, larger or worse unit than the sales it is compared to, and mudah.my skews to owner and urgent sales — a figure a few percent under the record is common there.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What high-rise (condo, apartment, flat) sell for across Penang, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as high-rise (condo, apartment, flat) under a Freehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM550,000 | RM631 psf | 19 |
| 2022 | RM609,000 | RM654 psf | 34 |
| 2023 | RM645,000 | RM672 psf | 26 |
| 2024 | RM610,000 | RM682 psf | 15 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other high-rise (condo, apartment, flat) schemes in Timur Laut with enough recorded sales, cheapest first. By median sold price, Tropicana Bay Residences sits 116 of 154 in that set.
109 cheaper schemes above
32 dearer schemes below
Against Penang
Across Penang, the median recorded sale for high-rise (condo, apartment, flat) is RM300,000 (RM391 psf), from 5,184 sales. Tropicana Bay Residences’s own median is RM600,000 — higher than that state median. Full Penang table.
Cash and monthly on the RM600,000 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM60,000
- Transfer duty (MOT): RM12,000
- Loan duty (0.5%): RM2,700
- Total cash: RM74,700
Monthly carry
- Instalment (35y @ 4.00%): RM2,391
- Total monthly: RM2,391
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Tropicana Bay Residences sold for?
- A median of RM600,000 (RM653 psf), from 94 land-office transactions between 3 March 2021 and 9 September 2024.
- What is a typical band here?
- Half of recorded sales fell between RM550,000 and RM695,000. One in ten went under RM425,900; one in ten over RM753,500.
- Has the median moved?
- From RM550,000 in 2021 to RM610,000 in 2024 (+11%), using only years with five or more sales.
- How do live ads compare?
- Ads naming Tropicana Bay Residences ask a median of RM669 psf — +2% versus the RM653 psf buyers paid here. Same scheme match; not a mark-up on every listing.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.