Melaka
Melaka Tengah
Bkt Baru
TROPICANA RESIDENCES

TROPICANA RESIDENCES

Area Intelligence

2024

Median Price

RM 380,000

PSF: RM 425

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Residential PSF Trends

Median Price

RM 380,000

PSF: RM 425

TROPICANA RESIDENCES in Melaka Tengah, Melaka recorded 3 subsale transactions in 2024, with a median price of RM 380K and a median price per square foot (PSF) of RM 425.

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 380K, with most transactions falling within a stable range of RM 370K to RM 392K, and a typical market range of RM 370K to RM 400K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 425, with core pricing between RM 343 and RM 507. Market pricing typically extends from RM 378.25 to RM 471.75, reflecting moderate variation in unit pricing. The spread of RM 93.50 (IQR) and deviation of RM 82 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TROPICANA RESIDENCES, Melaka Tengah, Melaka

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