REGENCY PARK

REGENCY PARK in Bahagian Miri, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 424K and a median price per square foot (PSF) of RM 233.

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 424K, with most transactions falling within a stable range of RM 339K to RM 735K, and a typical market range of RM 339K to RM 720K.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM 233, with core pricing between RM 202 and RM 264. Market pricing typically extends from RM 215.38 to RM 250.63, reflecting moderate variation in unit pricing. With an IQR of RM 35.25 and MAD of RM 31, the PSF demonstrates reasonable consistency across the market.

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.