CANAAN SQUARE

CANAAN SQUARE in Bahagian Kuching, Sarawak recorded 3 subsale transactions in 2021, with a median price of RM 499K and a median price per square foot (PSF) of RM 510.

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 499K, with most transactions falling within a stable range of RM 487K to RM 500K, and a typical market range of RM 475K to RM 500K.

Most transactions involved 4 - 4 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 510, with most transactions between RM 498 and RM 522. The usual range is RM 466.88 to RM 553.13, showing that most units are priced quite close to each other. With an IQR of RM 86.25 and MAD of RM 12, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.