SG MERAH COMMERCIAL CENTRE

SG MERAH COMMERCIAL CENTRE in Bahagian Sibu, Sarawak recorded 2 subsale transactions in 2024, with a median price of RM 1.05 million and a median price per square foot (PSF) of RM 688.

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 1.05 million, with most transactions falling within a stable range of RM 900K to RM 1.20 million, and a typical market range of RM 1.03 million to RM 1.08 million.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 688, with most transactions between RM 653 and RM 723. The usual range is RM 653.00 to RM 723.00, showing that most units are priced quite close to each other. With an IQR of RM 70.00 and MAD of RM 35, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.