METROCITY

METROCITY in Bahagian Kuching, Sarawak recorded 8 subsale transactions in 2023, with a median price of RM 1.16 million and a median price per square foot (PSF) of RM 769.

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 1.16 million, with most transactions falling within a stable range of RM 933K to RM 1.39 million, and a typical market range of RM 1.02 million to RM 1.31 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

The median PSF stands at RM 769, with core pricing between RM 661 and RM 876. Market pricing typically extends from RM 664.38 to RM 872.63, reflecting moderate variation in unit pricing. With an IQR of RM 208.25 and MAD of RM 107, 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.