RIAM AVENUE

RIAM AVENUE in Bahagian Miri, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 668K and a median price per square foot (PSF) of RM 192.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 668K, with most transactions falling within a stable range of RM 603K to RM 668K, and a typical market range of RM 613K to RM 668K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with minimal variety in property types.

For price per square foot, the median is RM 192, with most transactions between RM 173 and RM 211. The usual range is RM 174.50 to RM 209.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 35.00 and an average deviation (MAD) of RM 19 indicate a highly stable PSF trend across properties.

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.