PARENT LOT 1559 & 1561, JALAN LUAK

PARENT LOT 1559 & 1561, JALAN LUAK in Bahagian Miri, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 544K and a median price per square foot (PSF) of RM 195.

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 544K, with most transactions falling within a stable range of RM 500K to RM 588K, and a typical market range of RM 521K to RM 568K.

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

The median PSF stands at RM 195, with core pricing between RM 156 and RM 233. Market pricing typically extends from RM 156.00 to RM 233.00, reflecting moderate variation in unit pricing. The spread of RM 77.00 (IQR) and deviation of RM 39 (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.