THE PARK RESIDENCE

THE PARK RESIDENCE in Bahagian Kuching, Sarawak recorded 3 subsale transactions in 2023, with a median price of RM 700K and a median price per square foot (PSF) of RM 500.

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 700K, with most transactions falling within a stable range of RM 627K to RM 740K, and a typical market range of RM 626K to RM 740K.

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

For price per square foot, the median is RM 500, with most transactions between RM 470 and RM 530. The usual range is RM 455.50 to RM 544.50, showing that most units are priced quite close to each other. With an IQR of RM 89.00 and MAD of RM 30, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.