SIBU JAYA INDUSTRIAL AREA

SIBU JAYA INDUSTRIAL AREA in Bahagian Sibu, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 605K and a median price per square foot (PSF) of RM 94.

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 605K, with most transactions falling within a stable range of RM 580K to RM 630K, and a typical market range of RM 580K to RM 630K.

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

For price per square foot, the median is RM 94, with most transactions between RM 89 and RM 98. The usual range is RM 89.50 to RM 97.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 8.00 and an average deviation (MAD) of RM 4 indicate a highly stable PSF trend across properties.

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.