MERDEKA MALL

MERDEKA MALL in Bahagian Miri, Sarawak recorded 3 subsale transactions in 2022, with a median price of RM 75K and a median price per square foot (PSF) of RM 199.

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 75K, with most transactions falling within a stable range of RM 57K to RM 93K, and a typical market range of RM 52K to RM 96K.

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

For price per square foot, the median is RM 199, with most transactions between RM 186 and RM 212. The usual range is RM 117.50 to RM 280.50, showing that most units are priced quite close to each other. With an IQR of RM 163.00 and MAD of RM 13, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.