PLAZA MERDEKA SHOPPING MALL

PLAZA MERDEKA SHOPPING MALL in Bahagian Kuching, Sarawak recorded 2 subsale transactions in 2024, with a median price of RM 593K and a median price per square foot (PSF) of RM 2,014.

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 593K, with most transactions falling within a stable range of RM 500K to RM 685K, and a typical market range of RM 520K to RM 665K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

For price per square foot, the median is RM 2,014, with most transactions between RM 1,871 and RM 2,157. The usual range is RM 1,740.63 to RM 2,287.38, showing that most units are priced quite close to each other. With an IQR of RM 546.75 and MAD of RM 143, 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.