MLNG HOUSING SCHEME

MLNG HOUSING SCHEME in Bahagian Bintulu, Sarawak recorded 4 subsale transactions in 2022, with a median price of RM 363K and a median price per square foot (PSF) of RM 151.

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 363K, with most transactions falling within a stable range of RM 309K to RM 416K, and a typical market range of RM 300K to RM 450K.

Most transactions involved 1 - 1 1/2 storey terraced, with moderate diversity in property types available.

For price per square foot, the median is RM 151, with most transactions between RM 137 and RM 165. The usual range is RM 134.25 to RM 167.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 33.50 and an average deviation (MAD) of RM 14 indicate a highly stable PSF trend across properties.

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. Limited transaction history suggests carefully evaluating comparable sales data.