ROYAL OAK

ROYAL OAK in Bahagian Kuching, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 688K and a median price per square foot (PSF) of RM 484.

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 688K, with most transactions falling within a stable range of RM 576K to RM 800K, and a typical market range of RM 576K to RM 800K.

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

For price per square foot, the median is RM 484, with most transactions between RM 476 and RM 491. The usual range is RM 468.75 to RM 498.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 29.50 and an average deviation (MAD) of RM 8 indicate a highly stable PSF trend across properties.

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.