Area Intelligence

NIAH JAYA

1 properties

2022

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Median Price

RM 450,000

PSF: RM 295

Commercial Market

Median Price

RM 450,000

IQR: RM 47

MAD: RM 47

RM 295 PSF 14.7%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Office Lot

53 properties

29,880,000 txns

Median Price

RM 450,000

+6.9% CAGR

Median PSF

RM 328.00

+13.8% CAGR

Condo/Apartment

16 properties

10,875,000 txns

Median Price

RM 702,500

+5.8% CAGR

Median PSF

RM 491.00

-0.9% CAGR

Shop/Retail Lot

14 properties

13,804,000 txns

Median Price

RM 813,000

-33.1% CAGR

Median PSF

RM 571.50

-17.5% CAGR

5-Storey Storey Shop

2 properties

468,000 txns

Median Price

RM 234,000

Median PSF

RM 310.50

Property Type	Properties	Transactions	Median Price	Price CAGR	Median PSF	PSF CAGR
Office Lot	53	29,880,000	RM 450,000 ±150K MAD	+6.87%	RM 328.00 ±23 MAD	+13.79%
Condo/Apartment	16	10,875,000	RM 702,500 ±58K MAD	+5.85%	RM 491.00 ±12 MAD	-0.95%
Shop/Retail Lot	14	13,804,000	RM 813,000 ±315K MAD	-33.06%	RM 571.50 ±55 MAD	-17.47%
5-Storey Storey Shop	2	468,000	RM 234,000	-	RM 310.50	-

NIAH JAYA in Bahagian Miri, Sarawak recorded 1 subsale transactions in 2022, with a median price of RM 450K and a median price per square foot (PSF) of RM 295.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 295, with most transactions between RM 295 and RM 295. The usual range is RM 271.75 to RM 318.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 46.50 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.