Commercial Market
Median Price
RM 450,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Office Lot
53 properties
Median Price
RM 450,000
+6.9% CAGR
Median PSF
RM 328.00
+13.8% CAGR
Condo/Apartment
16 properties
Median Price
RM 702,500
+5.8% CAGR
Median PSF
RM 491.00
-0.9% CAGR
Shop/Retail Lot
14 properties
Median Price
RM 813,000
-33.1% CAGR
Median PSF
RM 571.50
-17.5% CAGR
5-Storey Storey Shop
2 properties
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.
Filter by type, year, price, and size
Transactions
1 properties grouped by size
| Road | Price | PSF | Size | Date |
|---|---|---|---|---|
|
JALAN NIAH COASTAL HIGHWAY
|
RM 450,000
|
RM 295.00
|
1,526 sqft
|
Apr 2022
|