BANDAR SIBU

BANDAR SIBU in Bahagian Sibu, Sarawak recorded 7 subsale transactions in 2024, with a median price of RM 850K and a median price per square foot (PSF) of RM 773.

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 1.01 million, and a typical market range of RM 720K to RM 993K.

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

Price per square foot shows a median of RM 773, though individual units vary from RM 238 to RM 1,308 in the core range. The broader market spans RM 642.75 to RM 903.25, indicating diverse property characteristics. A wider spread (IQR: RM 260.50) and deviation (MAD: RM 535) indicate significant PSF variations, likely due to diverse property types or conditions.

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.