Area Intelligence

MLNG HOUSING SCHEME

4 properties

2023

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Median Price

RM 567,500

PSF: RM 124

Residential Market

Median Price

RM 567,500

IQR: RM 34

MAD: RM 16

RM 124 PSF 2.0%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Double Storey Terraced

137 properties

115,450,000 txns

Median Price

RM 784,000

-1.7% CAGR

Median PSF

RM 474.00

+7.9% CAGR

Double Storey Semi-D

44 properties

69,790,000 txns

Median Price

RM 1,568,000

+4.8% CAGR

Median PSF

RM 456.25

+10.9% CAGR

Condo/Apartment

36 properties

11,149,000 txns

Median Price

RM 310,250

+1.1% CAGR

Median PSF

RM 331.00

+1.3% CAGR

Double Storey Shop

10 properties

12,923,000 txns

Median Price

RM 1,306,000

-5.1% CAGR

Median PSF

RM 848.00

-5.1% CAGR

Town House

3 properties

1,160,000 txns

Median Price

RM 380,000

+4.5% CAGR

Median PSF

RM 386.00

-0.3% CAGR

Detached

1 properties

1,607,000 txns

Median Price

RM 1,607,000

Median PSF

RM 388.00

Property Type	Properties	Transactions	Median Price	Price CAGR	Median PSF	PSF CAGR
Double Storey Terraced	137	115,450,000	RM 784,000 ±7K MAD	-1.70%	RM 474.00 ±61 MAD	+7.93%
Double Storey Semi-D	44	69,790,000	RM 1,568,000 ±40K MAD	+4.85%	RM 456.25 ±6 MAD	+10.89%
Condo/Apartment	36	11,149,000	RM 310,250 ±3K MAD	+1.08%	RM 331.00 ±1 MAD	+1.30%
Double Storey Shop	10	12,923,000	RM 1,306,000 ±31K MAD	-5.13%	RM 848.00 ±21 MAD	-5.11%
Town House	3	1,160,000	RM 380,000 ±15K MAD	+4.50%	RM 386.00 ±2 MAD	-0.26%
Detached	1	1,607,000	RM 1,607,000	-	RM 388.00	-

MLNG HOUSING SCHEME in Bahagian Bintulu, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 568K and a median price per square foot (PSF) of RM 124.

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 568K, with most transactions falling within a stable range of RM 240K to RM 907K, and a typical market range of RM 468K to RM 668K.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 124, though individual units vary from RM 84 to RM 163 in the core range. The broader market spans RM 106.75 to RM 140.25, indicating diverse property characteristics. A wider spread (IQR: RM 33.50) and deviation (MAD: RM 40) indicate significant PSF variations, likely due to diverse property types or conditions.

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.