PIASAU JAYA INDUSTRIAL AREA

PIASAU JAYA INDUSTRIAL AREA in Bahagian Miri, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 860K and a median price per square foot (PSF) of RM 209.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 860K, with most transactions falling within a stable range of RM 806K to RM 914K, and a typical market range of RM 780K to RM 930K.

Most transactions involved semi-detached factory/warehouse, though some variety exists in the market.

For price per square foot, the median is RM 209, with most transactions between RM 194 and RM 223. The usual range is RM 189.50 to RM 227.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 38.00 and an average deviation (MAD) of RM 15 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.