MERDEKA MALL

MERDEKA MALL in Bahagian Miri, Sarawak recorded 6 subsale transactions in 2024, with a median price of RM 240K and a median price per square foot (PSF) of RM 364.

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 240K, with most transactions falling within a stable range of RM 166K to RM 314K, and a typical market range of RM 199K to RM 281K.

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

For price per square foot, the median is RM 364, with most transactions between RM 364 and RM 364. The usual range is RM 282.50 to RM 445.50, showing that most units are priced quite close to each other. With an IQR of RM 163.00 and MAD of RM 0, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.