JALAN GELAMA

JALAN GELAMA in Bahagian Sibu, Sarawak recorded 2 subsale transactions in 2024, with a median price of RM 424K and a median price per square foot (PSF) of RM 160.

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 424K, with most transactions falling within a stable range of RM 298K to RM 550K, and a typical market range of RM 329K to RM 519K.

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

For price per square foot, the median is RM 160, with most transactions between RM 159 and RM 161. The usual range is RM 136.00 to RM 184.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 48.00 and an average deviation (MAD) of RM 1 indicate a highly stable PSF trend across properties.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.