LUTONG BARU

LUTONG BARU in Bahagian Miri, Sarawak recorded 4 Detached properties subsale transactions between 2021 and 2025 for detached properties, with a median price of RM 528K and a median price per square foot (PSF) of RM 88.

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 528K, with most transactions falling within a stable range of RM 345K to RM 710K, and a typical market range of RM 465K to RM 590K.

Within the Detached 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 88, though individual units vary from RM 61 to RM 115 in the core range. The broader market spans RM 64.50 to RM 111.50, indicating diverse property characteristics. A wider spread (IQR: RM 47.00) and deviation (MAD: RM 27) 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.