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Market Snapshot
ResidentialRM 480,000
RM 155 psfMedian transaction price
9503, Jln Sim Kheng Hong, 98000 Miri, Sarawak, Malaysia
MapsSummerville in Bahagian Miri, Sarawak recorded 0 subsale transactions in 2021, with a median price of RM 480K and a median price per square foot (PSF) of RM 155.
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 480K, with most transactions falling within a stable range of RM 400K to RM 560K, and a typical market range of RM 413K to RM 547K.
Most transactions involved 2 - 2 1/2 storey shopaced, with moderate diversity in property types available.
For price per square foot, the median is RM 155, with most transactions between RM 142 and RM 168. The usual range is RM 139.00 to RM 171.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 32.00 and an average deviation (MAD) of RM 13 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.