PROPERTY SNAPSHOT 3: What are developments priced like in Tropicana?

This is the third in a series of four snapshots on Tropicana. Look out for part four tomorrow.

•     Today, we continue our focus on Tropicana / South Sunway Damansara area by looking at average prices on a per square foot (psf) basis. Based on transactions analysed by theedgeproperty.com, the average price psf of non-landed properties in the area was RM539 psf in 3Q2014, up 10.5% y-o-y. 

•    In the 12 months to 3Q2014, a majority (60.2%) of transactions fell within the RM401-RM600 psf range. Another 25.1% of transactions belonged to the RM601-RM800 psf range. In the review period, transactions of non-landed residences in the secondary market have yet to breach the RM1,000 psf level, although this will likely change once Tropicana Gardens is completed, as primary prices there have exceeded that threshold.

•    The most expensive addresses is Tropicana Grande, with an average transacted price of RM722 psf. Other pricey projects include Casa Indah 1 (RM627 psf), Opal Damansara (RM579 psf), Casa Tropicana (RM 561 psf) and Casa Indah 2 (RM555 psf). It is worth noting that the average price at Casa Indah 1 is biased upward due to the record sale of a 3-bedroom unit for RM1.05 million (RM780 psf) in August 2014.  This development is located next to Tropicana Gardens and an upcoming MRT station.

•    The least expensive developments are Damai Apartment (RM155 psf) and Permai Apartment (RM202 psf). With an average price of RM479 psf, Mutiara Oriental is relative cheap due to its less desirable address in Taman Bukit Mayang Emas.  Completed in 1998, it  is one of the only freehold condominiums in the Tropicana / South Sunway Damansara area.

The Analytics are based on the data available at the date of publication and may be subject to further revision as and when more data is made available to us.

Related stories:
PROPERTY SNAPSHOT 1: Tropicana preserves exclusivity
PROPERTY SNAPSHOT 2: What’s affordable in Tropicana?