GRAND PARK 3

GRAND PARK 3 in Bahagian Miri, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 790K and a median price per square foot (PSF) of RM 184.

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 790K, with most transactions falling within a stable range of RM 550K to RM 1.03 million, and a typical market range of RM 645K to RM 935K.

Most transactions involved 2 - 2 1/2 storey semi-detached, with minimal variety in property types.

Price per square foot shows a median of RM 184, though individual units vary from RM 115 to RM 253 in the core range. The broader market spans RM 149.50 to RM 218.50, indicating diverse property characteristics. A wider spread (IQR: RM 69.00) and deviation (MAD: RM 69) 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.