Tropicana Bay Residences, Penang WorldCity

Tropicana Bay Residences is a freehold apartment located in Penang WorldCity, Batu Uban.The built-up available at this project is 455 sf to 1,320 sf. It was developed by Tropicana Corp Bhd (fka Dijaya Corp) with a launch price of around RM550 psf, and was completed about 2017.

Tropicana Corp Bhd (fka Dijaya Corp) is a very large-sized real estate company listed on KLSE, and it has undertaken around 59 real estate projects in Malaysia. Other similar projects by the same developer are Arnica, Bayu Puteri Apartment, Bora Residences, Casa Indah 1, Casa Indah 2, Casa Tropicana, Fortune Park, Paloma, Pandora and Tropez Residences.

Property Type
Apartment
Land Tenure
Freehold
Built-up
455 sf - 1,320 sf
Market Price
RM410,000 - RM880,000
Density
-NA-
Completed In
2017
Launch Price
About RM550 psf

This apartment is not very ideal for own stay or investment, because it has no amenities nearby.

The current market prices for Tropicana Bay Residences are from RM410,000 to RM880,000 (about RM720 psf); while the monthly rentals are from RM1,600 to RM2,500 (about RM2.18 psf). The highest median price psf ever recorded was RM985 psf in Q4 2015; while the lowest one was RM550 psf in Q1 2015.

The current rental yield of Tropicana Bay Residences is around 2.88%, compared to 4.0% a year ago in Q2 2018. The highest rental yield ever recorded was 4.0% in Q2 2018; while the lowest one was 2.88% in Q2 2019. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Tropicana Bay Residences is 3-bedroom / 872 sf with a median price of RM720 psf. For price wise, the most expensive one is Studio / 455 sf with a median price of RM910 psf; while the cheapest one is 3-bedroom / 1,320 sf with a median price of RM670 psf.

Latest Tropicana Bay Residences for sale listings:

DateTypeBuilt-upPrice
25-Jun-19Condominium872 sfRM600,000
25-Jun-19Condominium1,320 sfRM830,000
25-Jun-19Condominium800 sfRM795,000
25-Jun-19Studio400 sfRM430,000
23-Jun-19Condominium872 sfRM820,000
23-Jun-19Condominium615 sfRM550,000
23-Jun-19Condominium1,020 sfRM795,000
22-Jun-19Condominium1,320 sfRM1,000,000
22-Jun-19Condominium1,020 sfRM760,000
22-Jun-19Condominium1,020 sfRM765,000

Latest Tropicana Bay Residences for rent listings:

DateTypeBuilt-upRental
25-Jun-19Condominium615 sfRM1,500
25-Jun-19Condominium872 sfRM2,100
25-Jun-19Condominium615 sfRM1,500
25-Jun-19Room In Apartment-NA-RM700
16-Jun-19Room In Apartment-NA-RM800
16-Jun-19Room In Apartment-NA-RM700
15-Jun-19Condominium872 sfRM2,200
15-Jun-19Studio455 sfRM1,200
15-Jun-19Condominium872 sfRM2,000
15-Jun-19Condominium550 sfRM1,500

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