TROPICANA 218 MACALISTER Transaction Price & PSF
TROPICANA 218 MACALISTER Serviced Apartment Residential Property Market | residential | Data through October 2024
This article provides a targeted snapshot of the residential Serviced Apartment market within a Tropicana scheme in Georgetown, focusing on how readers can interpret the transaction benchmark and its role for buyers.
Market overview
The residential segment in this area shows a concentration of activity within the Tropicana scheme, reflecting a distinct pattern for Serviced Apartment transactions in Timur Laut and Georgetown. When interpreting the data, it is important to compare across property categories separately, as different categories can follow different market dynamics. Buyers should treat the transaction benchmarks as a relative guide rather than a precise forecast, and recognise that individual properties may vary in features and condition.
Property type benchmarks
The figures below are calculated from transaction records in the PropMedian database. Median PSF is shown only where sufficient parcel area data is available.
Serviced Apartment
In the residential segment for this Tropicana scheme, Serviced Apartment activity centers within the local submarket of Timur Laut and Georgetown. The pattern suggests a focused context for evaluating this category alongside similar properties within Pulau Pinang. When assessing Serviced Apartment opportunities, readers should compare this category separately from other property types and use the benchmark as a relative reference rather than a guaranteed outcome.
How to interpret this market
Readers can use transaction benchmarks to gauge how a given Serviced Apartment may sit within the scheme and district context. Remember that an individual property can differ in size, fitout, floor level or maintenance arrangements, so benchmarks serve as a guide for relative positioning rather than a fixed price.
Explore the underlying market
View the PropMedian property-data hub for this district to explore available property types and transaction benchmarks.
View Timur Laut property dataFrequently asked questions
What does the transaction benchmark indicate for this market?
It describes observed price levels for Serviced Apartment transactions within the Tropicana scheme in Georgetown, based on the dataset. It should be used for comparison and context, not as a guaranteed price or valuation.
Should I compare Serviced Apartment with other property types?
Yes. Different property categories should be compared separately to avoid cross-category misinterpretation.
Where should I focus when comparing within this dataset?
Pay attention to the district and mukim context shown in the data for this scheme, and use that context to compare with other schemes within Pulau Pinang, recognising that individual properties may differ.
Summary
Overall, readers should compare property types separately and use transaction benchmarks to inform relative assessment, while acknowledging that individual properties may vary in features and condition.
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Methodology
Median transaction price for the selected market scope.
Parcel PSF is the median of valid transaction-level parcel PSF values, not median price divided by median area.
Unavailable measurements are not estimated or inferred.
Parcel PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.