Area Intelligence

LORONG RIA

3 properties
2023
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Median Price
RM 600,000
PSF: RM 186

Residential Market

Median Price

RM 600,000

IQR: RM 28
MAD: RM 18
RM 186 PSF 13.9%

PSF Trends (2021-2025)

LORONG RIA in Bahagian Sibu, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 600K and a median price per square foot (PSF) of RM 186.

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 600K, with most transactions falling within a stable range of RM 470K to RM 1.01 million, and a typical market range of RM 473K to RM 727K.

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

For price per square foot, the median is RM 186, with most transactions between RM 171 and RM 201. The usual range is RM 172.00 to RM 200.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 28.00 and an average deviation (MAD) of RM 15 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.

Area Location

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LORONG RIA, Bahagian Sibu, Sarawak

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Transactions

3 properties found

Double Storey Semi-D
JLN KUDA OFF
RM 600,000
PSF: RM 163.00
Area: 3,683 sqft
Date: Jun 2023
Double Storey Terraced
LORONG 6
RM 470,000
PSF: RM 200.00
Area: 2,355 sqft
Date: May 2023
Detached
JLN KUDA OFF
RM 1,400,000
PSF: RM 186.00
Area: 7,543 sqft
Date: May 2023