JALAN LANANG

JALAN LANANG in Bahagian Sibu, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 3.50 million and a median price per square foot (PSF) of RM 168.

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 3.50 million, with most transactions falling within a stable range of RM 2.21 million to RM 3.50 million, and a typical market range of RM 2.20 million to RM 3.50 million.

Most transactions involved detached factory/warehouse, with high diversity across multiple property types.

The median PSF stands at RM 168, with core pricing between RM 137 and RM 199. Market pricing typically extends from RM 106.25 to RM 229.75, reflecting moderate variation in unit pricing. The spread of RM 123.50 (IQR) and deviation of RM 31 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.