NYIGU JAYA INDUSTRIAL ESTATE

NYIGU JAYA INDUSTRIAL ESTATE in Bahagian Bintulu, Sarawak recorded 4 subsale transactions in 2022, with a median price of RM 1.29 million and a median price per square foot (PSF) of RM 138.

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 1.29 million, with most transactions falling within a stable range of RM 790K to RM 1.80 million, and a typical market range of RM 933K to RM 1.65 million.

Most transactions involved semi-detached factory/warehouse, though some variety exists in the market.

The median PSF stands at RM 138, with core pricing between RM 121 and RM 154. Market pricing typically extends from RM 111.50 to RM 163.50, reflecting moderate variation in unit pricing. With an IQR of RM 52.00 and MAD of RM 16, the PSF demonstrates reasonable consistency across the market.

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.