DESA SENADIN PHASE 2

DESA SENADIN PHASE 2 in Bahagian Miri, Sarawak recorded 14 subsale transactions in 2022, with a median price of RM 265K and a median price per square foot (PSF) of RM 178.

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 265K, with most transactions falling within a stable range of RM 220K to RM 322K, and a typical market range of RM 220K to RM 326K.

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

The median PSF stands at RM 178, with core pricing between RM 146 and RM 210. Market pricing typically extends from RM 152.63 to RM 203.38, reflecting moderate variation in unit pricing. The spread of RM 50.75 (IQR) and deviation of RM 32 (MAD) suggest moderate price variations reflecting different property features.

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.