THE IMPERIAL HOTEL & SUITES

THE IMPERIAL HOTEL & SUITES in Bahagian Miri, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 1.10 million and a median price per square foot (PSF) of RM 695.

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 1.10 million, with most transactions falling within a stable range of RM 960K to RM 1.22 million, and a typical market range of RM 954K to RM 1.22 million.

Most transactions involved service apartment, with minimal variety in property types.

For price per square foot, the median is RM 695, with most transactions between RM 663 and RM 727. The usual range is RM 652.63 to RM 737.38, showing that most units are priced quite close to each other. With an IQR of RM 84.75 and MAD of RM 32, the PSF demonstrates reasonable consistency across the market.

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.