DESA SENADIN INDUSTRIAL (PHASE 9)

DESA SENADIN INDUSTRIAL (PHASE 9) in Bahagian Miri, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 719K and a median price per square foot (PSF) of RM 116.

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 719K, with most transactions falling within a stable range of RM 612K to RM 826K, and a typical market range of RM 607K to RM 831K.

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

The median PSF stands at RM 116, with core pricing between RM 97 and RM 134. Market pricing typically extends from RM 98.88 to RM 132.13, reflecting moderate variation in unit pricing. The spread of RM 33.25 (IQR) and deviation of RM 19 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.