SEC RANCHA-RANCHA

SEC RANCHA-RANCHA in Labuan, Labuan recorded 2 subsale transactions in 2023, with a median price of RM 677K and a median price per square foot (PSF) of RM 172.

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 677K, with most transactions falling within a stable range of RM 545K to RM 808K, and a typical market range of RM 549K to RM 804K.

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

For price per square foot, the median is RM 172, with most transactions between RM 164 and RM 180. The usual range is RM 140.25 to RM 203.75, showing that most units are priced quite close to each other. With an IQR of RM 63.50 and MAD of RM 8, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.