OCEAN PARK

OCEAN PARK in Bahagian Miri, Sarawak recorded 5 subsale transactions in 2023, with a median price of RM 375K and a median price per square foot (PSF) of RM 144.

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 375K, with most transactions falling within a stable range of RM 287K to RM 463K, and a typical market range of RM 298K to RM 453K.

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 144, though individual units vary from RM 114 to RM 174 in the core range. The broader market spans RM 119.25 to RM 168.75, indicating diverse property characteristics. The spread of RM 49.50 (IQR) and deviation of RM 30 (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.