THE PARK RESIDENCE

THE PARK RESIDENCE in Bahagian Kuching, Sarawak recorded 2 subsale transactions in 2024, with a median price of RM 903K and a median price per square foot (PSF) of RM 499.

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 903K, with most transactions falling within a stable range of RM 605K to RM 1.20 million, and a typical market range of RM 829K to RM 976K.

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

The median PSF stands at RM 499, with core pricing between RM 402 and RM 596. Market pricing typically extends from RM 454.50 to RM 543.50, reflecting moderate variation in unit pricing. The spread of RM 89.00 (IQR) and deviation of RM 97 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.