SERENE SHANGRILA

SERENE SHANGRILA in Bahagian Miri, Sarawak recorded 2 subsale transactions in 2021, with a median price of RM 612K and a median price per square foot (PSF) of RM 208.

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 612K, with most transactions falling within a stable range of RM 549K to RM 674K, and a typical market range of RM 596K to RM 627K.

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

Price per square foot shows a median of RM 208, though individual units vary from RM 135 to RM 280 in the core range. The broader market spans RM 179.00 to RM 236.00, indicating diverse property characteristics. A wider spread (IQR: RM 57.00) and deviation (MAD: RM 73) indicate significant PSF variations, likely due to diverse property types or conditions.

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.