LUTONG BAZAAR

LUTONG BAZAAR in Bahagian Miri, Sarawak recorded 5 subsale transactions in 2024, with a median price of RM 968K and a median price per square foot (PSF) of RM 764.

This area contains both residential and commercial properties. View 1 residential properties or 5 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 968K, with most transactions falling within a stable range of RM 664K to RM 1.27 million, and a typical market range of RM 737K to RM 1.20 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 764, though individual units vary from RM 472 to RM 1,056 in the core range. The broader market spans RM 670.75 to RM 857.25, indicating diverse property characteristics. A wider spread (IQR: RM 186.50) and deviation (MAD: RM 292) 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.