DESA SENADIN PHASE 2

DESA SENADIN PHASE 2 in Bahagian Miri, Sarawak recorded 20 subsale transactions in 2023, with a median price of RM 297K and a median price per square foot (PSF) of RM 168.

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 297K, with most transactions falling within a stable range of RM 200K to RM 453K, and a typical market range of RM 235K to RM 358K.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 168, though individual units vary from RM 134 to RM 202 in the core range. The broader market spans RM 142.63 to RM 193.38, indicating diverse property characteristics. The spread of RM 50.75 (IQR) and deviation of RM 34 (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. Moderate transaction volume may require patience when buying or selling.