THE ECHELON

THE ECHELON in Bahagian Kuching, Sarawak recorded 5 subsale transactions in 2023, with a median price of RM 738K and a median price per square foot (PSF) of RM 498.

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 738K, with most transactions falling within a stable range of RM 624K to RM 766K, and a typical market range of RM 654K to RM 766K.

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

For price per square foot, the median is RM 498, with most transactions between RM 460 and RM 536. The usual range is RM 478.88 to RM 517.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 38.25 and an average deviation (MAD) of RM 38 indicate a highly stable PSF trend across properties.

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.