IMPERIAL MALL

IMPERIAL MALL in Bahagian Miri, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 530K and a median price per square foot (PSF) of RM 632.

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 530K, with most transactions falling within a stable range of RM 488K to RM 572K, and a typical market range of RM 480K to RM 584K.

Most transactions involved shop unit/retail lot, with minimal variety in property types.

Price per square foot shows a median of RM 632, though individual units vary from RM 498 to RM 766 in the core range. The broader market spans RM 432.88 to RM 831.13, indicating diverse property characteristics. The spread of RM 398.25 (IQR) and deviation of RM 134 (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.