BANDAR MIRI

BANDAR MIRI in Bahagian Miri, Sarawak recorded 5 subsale transactions in 2023, with a median price of RM 1.10 million and a median price per square foot (PSF) of RM 917.

This area contains both residential and commercial properties. View 1 residential properties or 11 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.10 million, with most transactions falling within a stable range of RM 503K to RM 1.70 million, and a typical market range of RM 894K to RM 1.31 million.

Most transactions involved 3 - 3 1/2 storey shop, with moderate diversity in property types available.

Price per square foot shows a median of RM 917, though individual units vary from RM 394 to RM 1,440 in the core range. The broader market spans RM 832.25 to RM 1,001.75, indicating diverse property characteristics. A wider spread (IQR: RM 169.50) and deviation (MAD: RM 523) indicate significant PSF variations, likely due to diverse property types or conditions.

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.