MERDEKA MALL

MERDEKA MALL in Bahagian Miri, Sarawak recorded 10 subsale transactions in 2023, with a median price of RM 114K and a median price per square foot (PSF) of RM 231.

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 114K, with most transactions falling within a stable range of RM 91K to RM 137K, and a typical market range of RM 80K to RM 144K.

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

The median PSF stands at RM 231, with core pricing between RM 196 and RM 266. Market pricing typically extends from RM 149.50 to RM 312.50, reflecting moderate variation in unit pricing. The spread of RM 163.00 (IQR) and deviation of RM 35 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.