THE HIVE BINTULU

THE HIVE BINTULU in Bahagian Bintulu, Sarawak recorded 4 subsale transactions in 2024, with a median price of RM 399K and a median price per square foot (PSF) of RM 656.

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 399K, with most transactions falling within a stable range of RM 346K to RM 452K, and a typical market range of RM 351K to RM 448K.

Most transactions involved soho/sofo/sovo, with minimal variety in property types.

For price per square foot, the median is RM 656, with most transactions between RM 606 and RM 706. The usual range is RM 636.50 to RM 675.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 39.00 and an average deviation (MAD) of RM 50 indicate a highly stable PSF trend across properties.

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.