OCEAN PARK

OCEAN PARK in Bahagian Miri, Sarawak recorded 2 Bungalow properties subsale transactions between 2021 and 2025 for bungalow properties, with a median price of RM 555K and a median price per square foot (PSF) of RM 80.

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 555K, with most transactions falling within a stable range of RM 450K to RM 660K, and a typical market range of RM 478K to RM 633K.

Within the Bungalow category, 1 - 1 1/2 storey terraced dominated the market, with high diversity across multiple property types.

Price per square foot shows a median of RM 80, though individual units vary from RM 52 to RM 108 in the core range. The broader market spans RM 55.25 to RM 104.75, indicating diverse property characteristics. A wider spread (IQR: RM 49.50) and deviation (MAD: RM 28) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.