DESA LUTONG INDUSTRIAL ESTATE

DESA LUTONG INDUSTRIAL ESTATE in Bahagian Miri, Sarawak recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 725K and a median price per square foot (PSF) of RM 93.

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 725K, with most transactions falling within a stable range of RM 500K to RM 950K, and a typical market range of RM 613K to RM 838K.

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

Price per square foot shows a median of RM 93, though individual units vary from RM 58 to RM 128 in the core range. The broader market spans RM 75.50 to RM 110.50, indicating diverse property characteristics. A wider spread (IQR: RM 35.00) and deviation (MAD: RM 35) indicate significant PSF variations, likely due to diverse property types or conditions.

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.