PARENT LOT 1559 & 1561, JALAN LUAK

PARENT LOT 1559 & 1561, JALAN LUAK in Bahagian Miri, Sarawak recorded 3 subsale transactions in 2022, with a median price of RM 498K and a median price per square foot (PSF) of RM 232.

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 498K, with most transactions falling within a stable range of RM 498K to RM 520K, and a typical market range of RM 498K to RM 522K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 232, though individual units vary from RM 184 to RM 280 in the core range. The broader market spans RM 193.50 to RM 270.50, indicating diverse property characteristics. The spread of RM 77.00 (IQR) and deviation of RM 48 (MAD) suggest moderate price variations reflecting different property features.

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.