EASTWOOD INDUSTRIAL PARK

EASTWOOD INDUSTRIAL PARK in Bahagian Miri, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 595K and a median price per square foot (PSF) of RM 342.

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 595K, with most transactions falling within a stable range of RM 440K to RM 762K, and a typical market range of RM 440K to RM 900K.

Most transactions involved semi-detached factory/warehouse, though some variety exists in the market.

Price per square foot shows a median of RM 342, though individual units vary from RM 241 to RM 443 in the core range. The broader market spans RM 289.13 to RM 394.88, indicating diverse property characteristics. A wider spread (IQR: RM 105.75) and deviation (MAD: RM 101) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.