BANDAR SIBU JAYA

BANDAR SIBU JAYA in Bahagian Sibu, Sarawak recorded 30 subsale transactions in 2023, with a median price of RM 200K and a median price per square foot (PSF) of RM 123.

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 200K, with most transactions falling within a stable range of RM 132K to RM 268K, and a typical market range of RM 170K to RM 230K.

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

Price per square foot shows a median of RM 123, though individual units vary from RM 91 to RM 154 in the core range. The broader market spans RM 103.75 to RM 141.25, indicating diverse property characteristics. A wider spread (IQR: RM 37.50) and deviation (MAD: RM 31) 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.