TAMAN NYELONG

TAMAN NYELONG in Bahagian Sarikei, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 293K and a median price per square foot (PSF) of RM 124.

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 293K, with most transactions falling within a stable range of RM 265K to RM 320K, and a typical market range of RM 265K to RM 320K.

Most transactions involved 2 - 2 1/2 storey terraced, with minimal variety in property types.

The median PSF stands at RM 124, with core pricing between RM 100 and RM 147. Market pricing typically extends from RM 109.25 to RM 137.75, reflecting moderate variation in unit pricing. The spread of RM 28.50 (IQR) and deviation of RM 24 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.