BAZAAR SUNGAI MERAH

BAZAAR SUNGAI MERAH in Bahagian Sibu, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 975K and a median price per square foot (PSF) of RM 741.

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 975K, with most transactions falling within a stable range of RM 900K to RM 1.05 million, and a typical market range of RM 926K to RM 1.02 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 741, with most transactions between RM 734 and RM 748. The usual range is RM 712.25 to RM 769.75, showing that most units are priced quite close to each other. With an IQR of RM 57.50 and MAD of RM 7, 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.