MERRITON @ KUCHING

MERRITON @ KUCHING in Bahagian Kuching, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 286K and a median price per square foot (PSF) of RM 672.

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 286K, with most transactions falling within a stable range of RM 240K to RM 408K, and a typical market range of RM 240K to RM 463K.

Most transactions involved service apartment, with minimal variety in property types.

The median PSF stands at RM 672, with core pricing between RM 569 and RM 775. Market pricing typically extends from RM 592.00 to RM 752.00, reflecting moderate variation in unit pricing. The spread of RM 160.00 (IQR) and deviation of RM 103 (MAD) suggest moderate price variations reflecting different property features.

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.