THE TROPICANA (TMN SENTOSA)

THE TROPICANA (TMN SENTOSA) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 1.07 million and a median price per square foot (PSF) of RM 537.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.07 million, with most transactions falling within a stable range of RM 830K to RM 1.30 million, and a typical market range of RM 988K to RM 1.14 million.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

For price per square foot, the median is RM 537, with most transactions between RM 504 and RM 570. The usual range is RM 492.75 to RM 581.25, showing that most units are priced quite close to each other. With an IQR of RM 88.50 and MAD of RM 33, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.