LUTONG BARU

LUTONG BARU in Bahagian Miri, Sarawak recorded 8 Single Storey Terraced properties subsale transactions between 2021 and 2025 for single storey terraced properties, with a median price of RM 275K and a median price per square foot (PSF) of RM 184.

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 275K, with most transactions falling within a stable range of RM 259K to RM 308K, and a typical market range of RM 259K to RM 338K.

Within the Single Storey Terraced category, 1 - 1 1/2 storey semi-detached dominated the market, with high diversity across multiple property types.

Price per square foot shows a median of RM 184, though individual units vary from RM 0 to RM 949 in the core range. The broader market spans RM 160.50 to RM 207.50, indicating diverse property characteristics. A wider spread (IQR: RM 47.00) and deviation (MAD: RM 765) 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.