From
RM360k
Price From
RM360k
Subsale Transaction Data
VerifiedOfficial govt records for TROPICANA BAY RESIDENCES
Transactions
93
Median PSF
RM652
Latest
Sept 2024
Tropicana Bay Residences @ Bayan Lepas Review — Worth Buying?
NP Score
7.5/10
Worth Considering
Gelugor Median
RM652
verified PSF
The case for buying
- Prime Gelugor location with excellent accessibility and connectivity
- Affordable entry point at RM360,000 for Penang property
- Developed by reputable Tropicana Corporation with proven track record
- Coastal living opportunity at Bayan Lepas waterfront area
- Strong investment potential in growing Penang real estate market
The honest verdict
Pricing & Value
Entry price of RM360,000 is competitive for Penang's mid-range condo market, though value assessment is limited without confirmed unit sizes, amenities, or completion timeline; pricing power may be affected by the absence of MRT connectivity.
Location & Connectivity
Gelugor/Bayan Lepas offers good accessibility via road networks and proximity to commercial zones, but the lack of MRT linkage is a notable disadvantage compared to emerging transit-oriented developments in Penang; car-dependent living remains necessary.
Risk & Timing Factors
Absence of specified completion date and tenure type presents material uncertainties for investors; recommend requesting these critical details from the developer before commitment, as delayed delivery or unclear freehold/leasehold terms could significantly impact investment returns and long-term holding costs.
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- Market price analysis — is it fairly priced?
- Investment analysis — rental yield & capital growth
- Loan eligibility — salary needed to buy
- Area income profile (DOSM)
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Project Details
Property Type
Condominium
Construction Status
Completed
Bumi Discount
Not Available
Tropicana Bay Residences @ Bayan Lepas Video Tour
Watch a video tour of Tropicana Bay Residences @ Bayan Lepas in Gelugor, Penang. Condominium by Tropicana Corporation.
Video sourced from YouTube. Not affiliated with the developer.
More videos →Why Consider Tropicana Bay Residences @ Bayan Lepas?
Based on location data and market analysis
- ✓Prime Gelugor location with excellent accessibility and connectivity
- ✓Affordable entry point at RM360,000 for Penang property
- ✓Developed by reputable Tropicana Corporation with proven track record
- ✓Coastal living opportunity at Bayan Lepas waterfront area
- ✓Strong investment potential in growing Penang real estate market
Investment Snapshot
Based on verified transaction data for Penang
Est. Monthly Rental
RM1,300–1,700
Based on similar properties in Penang
Gross Rental Yield
4.5%–5.5%
Annual rental / property price
Airbnb Estimate
RM4,200/mo
RM185/night × 76% occupancy · 14.0% gross yield
Area Price Trend
+10.6%
Verified sold prices 2021–2025
Price-to-Income
4.1x income
Lower = more affordable (avg 6.8x)
Estimates based on verified transaction data for similar properties in Penang (2021–2025). Not financial advice.
See full area analysis →Check subsale transaction history in Gelugor
Browse real verified transaction prices for nearby properties
Can I afford this?
Estimate only — actual bank approval depends on your credit profile and existing commitments.
Est. monthly repayment
RM 1,474/mo
Based on 10% down, 35yr tenure at 4.2% p.a.
Minimum gross monthly income typically needed
RM 2,456/mo
Assumes no other debts, at a comfortable 60% DSR. Banks allow up to ~70% — existing car/personal loans lower how much you qualify for.
Check with your real income →Estimated cash needed upfront
Part of your down payment and stamp duty can often be covered using EPF Account 2 savings (subject to eligibility and withdrawal limits).
Full stamp duty & legal fee breakdown →Frequently Asked Questions
What is the price of Tropicana Bay Residences @ Bayan Lepas?▼
Tropicana Bay Residences @ Bayan Lepas starts from RM360k. Contact the developer directly on NewProjek for the latest pricing.
Where is Tropicana Bay Residences @ Bayan Lepas located?▼
Tropicana Bay Residences @ Bayan Lepas is located in Gelugor, Penang, Malaysia.
Who is the developer of Tropicana Bay Residences @ Bayan Lepas?▼
Tropicana Bay Residences @ Bayan Lepas is developed by Tropicana Corporation.
What type of property is Tropicana Bay Residences @ Bayan Lepas?▼
Tropicana Bay Residences @ Bayan Lepas is a Condominium development.
What is the construction status of Tropicana Bay Residences @ Bayan Lepas?▼
Tropicana Bay Residences @ Bayan Lepas is currently Completed.
Berapa harga Tropicana Bay Residences @ Bayan Lepas?▼
Tropicana Bay Residences @ Bayan Lepas dijual bermula dari RM360k. Hubungi pemaju terus melalui NewProjek untuk senarai harga terkini.
Looking to buy or rent Tropicana Bay Residences @ Bayan Lepas?
This project is already completed. Browse subsale transactions, current listings, and market data below.
View Transaction History (93 txns)Find Subsale ListingsOr search rentals →Still want to contact the developer? (e.g., for clubhouse access, complaints, second-phase info)
Contact developer →Tropicana Corporation
Tropicana Corporation Berhad is a public-listed Malaysian property developer known for integrated, resort-style townships and high-rise residences across the Klang Valley, Johor and Penang. Its portfolio spans landed homes, serviced residences and mixed-use developments built around lifestyle and green amenities.
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View all projects by Tropicana Corporation →Verified Transaction Data
What do units here actually sell for?
Real stamped SPA prices — not asking prices. From RM69.90.
View 93 Transactions →You May Also Like
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