THE HIVE BINTULU

THE HIVE BINTULU in Bahagian Bintulu, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 463K and a median price per square foot (PSF) of RM 653.

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 463K, with most transactions falling within a stable range of RM 418K to RM 488K, and a typical market range of RM 414K to RM 488K.

Most transactions involved soho/sofo/sovo, with minimal variety in property types.

For price per square foot, the median is RM 653, with most transactions between RM 598 and RM 707. The usual range is RM 633.00 to RM 672.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 39.00 and an average deviation (MAD) of RM 54 indicate a highly stable PSF trend across properties.

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.