TAMAN TUNKU COMMERCIAL CENTRE

TAMAN TUNKU COMMERCIAL CENTRE in Bahagian Miri, Sarawak recorded 2 subsale transactions in 2022, with a median price of RM 425K and a median price per square foot (PSF) of RM 632.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 425K, with most transactions falling within a stable range of RM 250K to RM 600K, and a typical market range of RM 250K to RM 600K.

Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.

Price per square foot shows a median of RM 632, though individual units vary from RM 428 to RM 835 in the core range. The broader market spans RM 498.13 to RM 764.88, indicating diverse property characteristics. A wider spread (IQR: RM 266.75) and deviation (MAD: RM 204) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.