SMI INDUSTRIAL PARK

SMI INDUSTRIAL PARK in Bahagian Kuching, Sarawak recorded 5 subsale transactions in 2022, with a median price of RM 650K and a median price per square foot (PSF) of RM 85.

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 650K, with most transactions falling within a stable range of RM 580K to RM 700K, and a typical market range of RM 623K to RM 678K.

Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.

The median PSF stands at RM 85, with core pricing between RM 76 and RM 94. Market pricing typically extends from RM 81.25 to RM 88.75, reflecting moderate variation in unit pricing. With an IQR of RM 7.50 and MAD of RM 9, 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. 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.