TAMAN SIBU JAYA

TAMAN SIBU JAYA in Bahagian Sibu, Sarawak recorded 5 subsale transactions in 2023, with a median price of RM 1.22 million and a median price per square foot (PSF) of RM 750.

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 1.22 million, with most transactions falling within a stable range of RM 983K to RM 1.46 million, and a typical market range of RM 995K to RM 1.45 million.

Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.

For price per square foot, the median is RM 750, with most transactions between RM 732 and RM 768. The usual range is RM 692.00 to RM 808.00, showing that most units are priced quite close to each other. With an IQR of RM 116.00 and MAD of RM 18, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.