MLNG HOUSING SCHEME

MLNG HOUSING SCHEME in Bahagian Bintulu, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 568K and a median price per square foot (PSF) of RM 124.

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 568K, with most transactions falling within a stable range of RM 240K to RM 907K, and a typical market range of RM 468K to RM 668K.

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

Price per square foot shows a median of RM 124, though individual units vary from RM 84 to RM 163 in the core range. The broader market spans RM 106.75 to RM 140.25, indicating diverse property characteristics. A wider spread (IQR: RM 33.50) and deviation (MAD: RM 40) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.