MEDAN JAYA COMMERCIAL CENTRE

MEDAN JAYA COMMERCIAL CENTRE in Bahagian Bintulu, Sarawak recorded 7 subsale transactions in 2023, with a median price of RM 350K and a median price per square foot (PSF) of RM 297.

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 350K, with most transactions falling within a stable range of RM 250K to RM 481K, and a typical market range of RM 250K to RM 485K.

Most transactions involved shop unit/retail lot, though some variety exists in the market.

Price per square foot shows a median of RM 297, though individual units vary from RM 95 to RM 499 in the core range. The broader market spans RM 103.63 to RM 490.38, indicating diverse property characteristics. A wider spread (IQR: RM 386.75) and deviation (MAD: RM 202) indicate significant PSF variations, likely due to diverse property types or conditions.

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.