LUTONG BARU

LUTONG BARU in Bahagian Miri, Sarawak recorded 13 subsale transactions in 2023, with a median price of RM 460K and a median price per square foot (PSF) of RM 118.

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 460K, with most transactions falling within a stable range of RM 401K to RM 519K, and a typical market range of RM 398K to RM 523K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.

Price per square foot shows a median of RM 118, though individual units vary from RM 87 to RM 149 in the core range. The broader market spans RM 94.50 to RM 141.50, indicating diverse property characteristics. A wider spread (IQR: RM 47.00) and deviation (MAD: RM 31) indicate significant PSF variations, likely due to diverse property types or conditions.

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.