TAMAN SENTOSA (MCL) in Melaka Tengah, Melaka recorded 2 subsale transactions in 2023, with a median price of RM 585K and a median price per square foot (PSF) of RM 136.
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 585K, with most transactions falling within a stable range of RM 465K to RM 705K, and a typical market range of RM 473K to RM 698K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with high diversity across multiple property types.
For price per square foot, the median is RM 136, with most transactions between RM 131 and RM 141. The usual range is RM 120.75 to RM 150.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 29.50 and an average deviation (MAD) of RM 5 indicate a highly stable PSF trend across properties.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
