DESA SENADIN PHASE 1

DESA SENADIN PHASE 1 in Bahagian Miri, Sarawak recorded 14 subsale transactions in 2023, with a median price of RM 273K and a median price per square foot (PSF) of RM 179.

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 273K, with most transactions falling within a stable range of RM 250K to RM 304K, and a typical market range of RM 252K to RM 293K.

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

The median PSF stands at RM 179, with core pricing between RM 150 and RM 208. Market pricing typically extends from RM 165.13 to RM 192.88, reflecting moderate variation in unit pricing. The spread of RM 27.75 (IQR) and deviation of RM 29 (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.