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
Value & Pricing
RM360,000 entry price is competitive for Penang's mid-range residential market, though without specified tenure details (freehold/leasehold) and completion timeline, buyers lack critical information to assess true value proposition and potential appreciation.
Location & Connectivity
Gelugor offers established residential appeal with proximity to amenities, but the absence of nearby MRT connectivity limits access to rapid transit infrastructure, making car dependency likely and potentially constraining long-term appeal as public transport becomes more central to property valuations.
Risk & Timing
Incomplete project specifications (no tenure, no completion date listed) create material uncertainty for purchasers regarding investment timeline and legal ownership structure; due diligence with the developer is essential before commitment, as these gaps suggest either early-stage marketing or information withholding that warrants clarification.
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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
- ✓Located in Gelugor, Penang
- ✓By Tropicana Corporation — verified developer on NewProjek
- ✓Condominium development
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
4.6x 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
What's Nearby
To see estimated commute time
Powered by Google Maps · Walking times are estimates only
Mortgage Calculator
Est. monthly repayment
RM 1,642/mo
Based on 10% down, 30yr tenure at 4.5% p.a.
Upfront costs
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
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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.
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