UTAMA PLACE

UTAMA PLACE in Sandakan, Sabah recorded 4 subsale transactions in 2024, with a median price of RM 914K and a median price per square foot (PSF) of RM 966.

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 914K, with most transactions falling within a stable range of RM 885K to RM 920K, and a typical market range of RM 852K to RM 920K.

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

The median PSF stands at RM 966, with core pricing between RM 854 and RM 1,078. Market pricing typically extends from RM 870.63 to RM 1,061.38, reflecting moderate variation in unit pricing. With an IQR of RM 190.75 and MAD of RM 112, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.