UTAMA PLACE

UTAMA PLACE in Sandakan, Sabah recorded 6 subsale transactions in 2022, with a median price of RM 783K and a median price per square foot (PSF) of RM 759.

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 783K, with most transactions falling within a stable range of RM 746K to RM 800K, and a typical market range of RM 720K to RM 800K.

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

For price per square foot, the median is RM 759, with most transactions between RM 683 and RM 835. The usual range is RM 663.63 to RM 854.38, showing that most units are priced quite close to each other. With an IQR of RM 190.75 and MAD of RM 76, 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. 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.