NYIGU JAYA INDUSTRIAL ESTATE

NYIGU JAYA INDUSTRIAL ESTATE in Bahagian Bintulu, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 787K and a median price per square foot (PSF) of RM 178.

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 787K, with most transactions falling within a stable range of RM 780K to RM 818K, and a typical market range of RM 780K to RM 850K.

Most transactions involved semi-detached factory/warehouse, though some variety exists in the market.

For price per square foot, the median is RM 178, with most transactions between RM 171 and RM 185. The usual range is RM 152.00 to RM 204.00, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 7, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.