JATI SHOPHOUSE

JATI SHOPHOUSE in Labuan, Labuan recorded 3 subsale transactions in 2023, with a median price of RM 975K and a median price per square foot (PSF) of RM 1,668.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 975K, with most transactions falling within a stable range of RM 975K to RM 1.46 million, and a typical market range of RM 975K to RM 1.40 million.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 1,668, with most transactions between RM 1,508 and RM 1,828. The usual range is RM 1,545.25 to RM 1,790.75, showing that most units are priced quite close to each other. With an IQR of RM 245.50 and MAD of RM 160, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.