GALA CITY

GALA CITY in Bahagian Kuching, Sarawak recorded 5 subsale transactions in 2022, with a median price of RM 515K and a median price per square foot (PSF) of RM 399.

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 515K, with most transactions falling within a stable range of RM 408K to RM 955K, and a typical market range of RM 408K to RM 1.06 million.

Most transactions involved shop unit/retail lot, with high diversity across multiple property types.

For price per square foot, the median is RM 399, with most transactions between RM 363 and RM 435. The usual range is RM 319.50 to RM 478.50, showing that most units are priced quite close to each other. With an IQR of RM 159.00 and MAD of RM 36, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.