BANDAR SIBU JAYA

BANDAR SIBU JAYA in Bahagian Sibu, Sarawak recorded 29 subsale transactions in 2022, with a median price of RM 180K and a median price per square foot (PSF) of RM 119.

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 180K, with most transactions falling within a stable range of RM 124K to RM 236K, and a typical market range of RM 150K to RM 210K.

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

The median PSF stands at RM 119, with core pricing between RM 101 and RM 137. Market pricing typically extends from RM 102.00 to RM 136.00, reflecting moderate variation in unit pricing. The spread of RM 34.00 (IQR) and deviation of RM 18 (MAD) suggest moderate price variations reflecting different property features.

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