LUTONG BARU

LUTONG BARU in Bahagian Miri, Sarawak recorded 2 subsale transactions in 2025, with a median price of RM 443K 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 443K, with most transactions falling within a stable range of RM 385K to RM 500K, and a typical market range of RM 385K to RM 500K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.

The median PSF stands at RM 168, with core pricing between RM 138 and RM 197. Market pricing typically extends from RM 144.00 to RM 191.00, reflecting moderate variation in unit pricing. The spread of RM 47.00 (IQR) and deviation of RM 30 (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.