MELINSUNG SUMMER BAY RESORT APT

MELINSUNG SUMMER BAY RESORT APT in Papar, Sabah recorded 46 subsale transactions in 2023, with a median price of RM 130K and a median price per square foot (PSF) of RM 214.

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 130K, with most transactions falling within a stable range of RM 85K to RM 175K, and a typical market range of RM 90K to RM 170K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 214, with core pricing between RM 181 and RM 247. Market pricing typically extends from RM 187.50 to RM 240.50, reflecting moderate variation in unit pricing. The spread of RM 53.00 (IQR) and deviation of RM 33 (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.