AVONA RESIDENCE @ THE NORTHBANK

AVONA RESIDENCE @ THE NORTHBANK in Bahagian Kuching, Sarawak recorded 17 subsale transactions in 2023, with a median price of RM 528K and a median price per square foot (PSF) of RM 652.

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 528K, with most transactions falling within a stable range of RM 406K to RM 650K, and a typical market range of RM 491K to RM 566K.

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

For price per square foot, the median is RM 652, with most transactions between RM 607 and RM 697. The usual range is RM 613.13 to RM 690.88, showing that most units are priced quite close to each other. With an IQR of RM 77.75 and MAD of RM 45, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.