OCEAN PARK

OCEAN PARK in Bahagian Miri, Sarawak recorded 4 subsale transactions in 2022, with a median price of RM 415K and a median price per square foot (PSF) of RM 150.

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 415K, with most transactions falling within a stable range of RM 295K to RM 561K, and a typical market range of RM 338K to RM 493K.

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

Price per square foot shows a median of RM 150, though individual units vary from RM 117 to RM 182 in the core range. The broader market spans RM 124.75 to RM 174.25, indicating diverse property characteristics. The spread of RM 49.50 (IQR) and deviation of RM 33 (MAD) suggest moderate price variations reflecting different property features.

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.