MELINSUNG SUMMER BAY RESORT APT

MELINSUNG SUMMER BAY RESORT APT in Papar, Sabah recorded 34 subsale transactions in 2022, with a median price of RM 120K and a median price per square foot (PSF) of RM 211.

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 120K, with most transactions falling within a stable range of RM 73K to RM 167K, and a typical market range of RM 80K to RM 160K.

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

The median PSF stands at RM 211, with core pricing between RM 178 and RM 244. Market pricing typically extends from RM 184.50 to RM 237.50, reflecting moderate variation in unit pricing. The spread of RM 53.00 (IQR) and deviation of RM 33 (MAD) suggest moderate price variations reflecting different property features.

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. Moderate transaction volume may require patience when buying or selling.