PROMIN JAYA

PROMIN JAYA in Bahagian Miri, Sarawak recorded 7 subsale transactions in 2022, with a median price of RM 385K and a median price per square foot (PSF) of RM 115.

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 385K, with most transactions falling within a stable range of RM 269K to RM 501K, and a typical market range of RM 314K to RM 456K.

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

Price per square foot shows a median of RM 115, though individual units vary from RM 80 to RM 150 in the core range. The broader market spans RM 89.75 to RM 140.25, indicating diverse property characteristics. A wider spread (IQR: RM 50.50) and deviation (MAD: RM 35) indicate significant PSF variations, likely due to diverse property types or conditions.

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.