SMI INDUSTRIAL PARK

SMI INDUSTRIAL PARK in Bahagian Kuching, Sarawak recorded 5 subsale transactions in 2023, with a median price of RM 680K and a median price per square foot (PSF) of RM 89.

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 680K, with most transactions falling within a stable range of RM 650K to RM 812K, and a typical market range of RM 653K to RM 708K.

Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.

The median PSF stands at RM 89, with core pricing between RM 72 and RM 106. Market pricing typically extends from RM 85.25 to RM 92.75, reflecting moderate variation in unit pricing. The spread of RM 7.50 (IQR) and deviation of RM 17 (MAD) suggest moderate price variations reflecting different property features.

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.