OCEAN PARK

OCEAN PARK in Bahagian Miri, Sarawak recorded 16 subsale transactions between 2021 and 2025, with a median price of RM 353K and a median price per square foot (PSF) of RM 174.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 353K, with most transactions falling within a stable range of RM 298K to RM 408K, and a typical market range of RM 275K to RM 430K.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 174, with core pricing between RM 150 and RM 198. Market pricing typically extends from RM 148.75 to RM 198.25, reflecting moderate variation in unit pricing. With an IQR of RM 49.50 and MAD of RM 24, 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.