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 52 real estate projects in Malaysia. Other similar projects by the same developer are Arnica, Bayberry, Bayu Puteri, Bora Residences, Casa Indah 1, Casa Indah 2, Casa Tropicana, Fortune Park, Pandora and Tropez Residences.
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 RM910,000 (about RM770 psf); while the monthly rentals are from RM1,600 to RM2,300 (about RM2.07 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 2.91%, compared to 3.5% a year ago in Q4 2017. The highest rental yield ever recorded was 3.5% in Q4 2017; while the lowest one was 2.91% in Q4 2018. 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 RM770 psf. For price wise, the most expensive one is Studio / 455 sf with a median price of RM900 psf; while the cheapest one is 3-bedroom / 1,320 sf with a median price of RM690 psf.
Latest Tropicana Bay Residences for sale listings:
Latest Tropicana Bay Residences for rent listings: