RANTAU PANJANG SHIPBUILDING INDST ESTATE

RANTAU PANJANG SHIPBUILDING INDST ESTATE in Bahagian Sibu, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 2.50 million and a median price per square foot (PSF) of RM 31.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.50 million, with most transactions falling within a stable range of RM 2.00 million to RM 3.00 million, and a typical market range of RM 2.25 million to RM 2.75 million.

Most transactions involved detached factory/warehouse, with minimal variety in property types.

The median PSF stands at RM 31, with core pricing between RM 27 and RM 34. Market pricing typically extends from RM 28.75 to RM 32.25, reflecting moderate variation in unit pricing. With an IQR of RM 3.50 and MAD of RM 4, the PSF demonstrates reasonable consistency across the market.

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.