JALAN CHERRY

JALAN CHERRY in Bahagian Sibu, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 550K and a median price per square foot (PSF) of RM 171.

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 550K, with most transactions falling within a stable range of RM 395K to RM 705K, and a typical market range of RM 459K to RM 641K.

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

For price per square foot, the median is RM 171, with most transactions between RM 161 and RM 180. The usual range is RM 148.63 to RM 192.38, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 43.75 and an average deviation (MAD) of RM 10 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.