SHANG GARDEN

SHANG GARDEN in Bahagian Miri, Sarawak recorded 3 subsale transactions in 2022, with a median price of RM 500K and a median price per square foot (PSF) of RM 205.

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 500K, with most transactions falling within a stable range of RM 370K to RM 1.19 million, and a typical market range of RM 410K to RM 590K.

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

The median PSF stands at RM 205, with core pricing between RM 169 and RM 241. Market pricing typically extends from RM 182.00 to RM 228.00, reflecting moderate variation in unit pricing. The spread of RM 46.00 (IQR) and deviation of RM 36 (MAD) suggest moderate price variations reflecting different property features.

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.