THE RESIDENCE

THE RESIDENCE in Bahagian Kuching, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 970K and a median price per square foot (PSF) of RM 271.

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 970K, with most transactions falling within a stable range of RM 950K to RM 991K, and a typical market range of RM 950K to RM 1.00 million.

Most transactions involved 2 - 2 1/2 storey semi-detached, though some variety exists in the market.

For price per square foot, the median is RM 271, with most transactions between RM 265 and RM 277. The usual range is RM 264.50 to RM 277.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 13.00 and an average deviation (MAD) of RM 6 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.