UTAMA PLACE

UTAMA PLACE in Sandakan, Sabah recorded 4 subsale transactions in 2023, with a median price of RM 900K and a median price per square foot (PSF) of RM 887.

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 900K, with most transactions falling within a stable range of RM 820K to RM 1.16 million, and a typical market range of RM 838K to RM 962K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 887, with most transactions between RM 808 and RM 966. The usual range is RM 791.63 to RM 982.38, showing that most units are priced quite close to each other. With an IQR of RM 190.75 and MAD of RM 79, 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.