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 56 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
RM420,000 - 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 RM420,000 to RM880,000 (about RM720 psf); while the monthly rentals are from RM1,600 to RM2,300 (about RM2.06 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 3.08%, compared to 3.3% a year ago in Q2 2018. The highest rental yield ever recorded was 3.5% in Q4 2017; while the lowest one was 3.08% 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 RM920 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
17-Apr-19Condominium1,020 sfRM750,000
17-Apr-19Condominium455 sfRM370,000
17-Apr-19Condominium1,873 sfRM1,600,000
17-Apr-19Condominium1,020 sfRM700,000
17-Apr-19Condominium872 sfRM568,000
17-Apr-19Condominium872 sfRM568,000
17-Apr-19Condominium1,020 sfRM680,000
17-Apr-19Condominium1,020 sfRM709,000
17-Apr-19Condominium615 sfRM500,000
17-Apr-19Studio415 sfRM418,000

Latest Tropicana Bay Residences for rent listings:

DateTypeBuilt-upRental
13-Apr-19Room In Apartment-NA-RM850
13-Apr-19Room In Apartment-NA-RM950
13-Apr-19Room In Apartment-NA-RM1,050
13-Apr-19Condominium615 sfRM1,600
13-Apr-19Condominium1,390 sfRM2,800
13-Apr-19Condominium615 sfRM1,400
13-Apr-19Condominium1,020 sfRM1,600
13-Apr-19Condominium1,020 sfRM2,300
13-Apr-19Condominium872 sfRM2,400
12-Apr-19Condominium1,320 sfRM2,600