ULU SUNGAI MERAH

ULU SUNGAI MERAH in Bahagian Sibu, Sarawak recorded 25 subsale transactions in 2023, with a median price of RM 388K and a median price per square foot (PSF) of RM 190.

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 388K, with most transactions falling within a stable range of RM 286K to RM 490K, and a typical market range of RM 326K to RM 450K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 190, with core pricing between RM 153 and RM 227. Market pricing typically extends from RM 164.75 to RM 215.25, reflecting moderate variation in unit pricing. The spread of RM 50.50 (IQR) and deviation of RM 37 (MAD) suggest moderate price variations reflecting different property features.

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. Moderate transaction volume may require patience when buying or selling.