Area Intelligence

BANDAR SIBU

11 properties
Median Price
RM 850,000
PSF: RM 732

Commercial Market

Median Price

RM 850,000

IQR: RM 261
MAD: RM 141
RM 732 PSF 16.5%

PSF Trends (2021-2025)

BANDAR SIBU in Bahagian Sibu, Sarawak recorded 11 subsale transactions between 2021 and 2025, with a median price of RM 850K and a median price per square foot (PSF) of RM 732.

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 850K, with most transactions falling within a stable range of RM 720K to RM 980K, and a typical market range of RM 707K to RM 993K.

Most transactions involved 4 - 4 1/2 storey shop, with moderate diversity in property types available.

The median PSF stands at RM 732, with core pricing between RM 591 and RM 873. Market pricing typically extends from RM 601.75 to RM 862.25, reflecting moderate variation in unit pricing. The spread of RM 260.50 (IQR) and deviation of RM 141 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

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BANDAR SIBU, Bahagian Sibu, Sarawak

OSM

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Transactions

11 properties grouped by size

350 sqft 1 units Shop/Retail Lot
RM 720,000 PSF: RM 2,195
Price PSF Size Date
RM 720,000
RM 2,195.00
328 sqft
Oct 2024
1,150 sqft 2 units 4-Storey Storey Shop
RM 850,000 - 900,000 PSF: RM 753
Road Price PSF Size Date
BLOK 6, JALAN CHENGAL, SIBU
RM 900,000
RM 773.00
1,164 sqft
Jul 2024
JALAN UPPER LANANG
RM 850,000
RM 732.00
1,161 sqft
Apr 2024
1,200 sqft 4 units 4-Storey Storey Shop
RM 100,000 - 1,200,000 PSF: RM 607
Road Price PSF Size Date
JLN CHENGAL, SIBU
RM 100,000
RM 85.00
1,182 sqft
Mar 2025
WORKSHOP ROAD
RM 1,200,000
RM 1,017.00
1,180 sqft
Jul 2024
JALAN CHENGAL
RM 850,000
RM 719.00
1,182 sqft
May 2024
JALAN CHENGAL
RM 729,000
RM 607.00
1,200 sqft
Nov 2023
1,250 sqft 1 units 4-Storey Storey Shop
RM 1,100,000 PSF: RM 873
Road Price PSF Size Date
JALAN LONG BRIDGE
RM 1,100,000
RM 873.00
1,260 sqft
Jul 2024
1,550 sqft 1 units 3-Storey Storey Shop
RM 1,280,000 PSF: RM 825
Road Price PSF Size Date
BLOK 3,JALAN MERDEKA, SIBU
RM 1,280,000
RM 825.00
1,552 sqft
Aug 2023
1,750 sqft 1 units 4-Storey Storey Shop
RM 1,000,000 PSF: RM 570
Road Price PSF Size Date
JALAN CHENGAL
RM 1,000,000
RM 570.00
1,753 sqft
Jul 2022
2,050 sqft 1 units Semi-D Factory
RM 800,000 PSF: RM 394
Road Price PSF Size Date
LANANG ROAD, SIBU
RM 800,000
RM 394.00
2,030 sqft
Aug 2024