DESA SENADIN PHASE 1

DESA SENADIN PHASE 1 in Bahagian Miri, Sarawak recorded 8 subsale transactions in 2022, with a median price of RM 258K and a median price per square foot (PSF) of RM 163.

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 258K, with most transactions falling within a stable range of RM 230K to RM 471K, and a typical market range of RM 237K to RM 278K.

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

The median PSF stands at RM 163, with core pricing between RM 137 and RM 189. Market pricing typically extends from RM 149.13 to RM 176.88, reflecting moderate variation in unit pricing. The spread of RM 27.75 (IQR) and deviation of RM 26 (MAD) suggest moderate price variations reflecting different property features.

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.