MARINA SQUARE

MARINA SQUARE in Bahagian Miri, Sarawak recorded 8 subsale transactions in 2022, with a median price of RM 1.44 million and a median price per square foot (PSF) of RM 1,090.

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 1.44 million, with most transactions falling within a stable range of RM 1.35 million to RM 1.55 million, and a typical market range of RM 1.35 million to RM 1.57 million.

Most transactions involved 3 - 3 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 1,090, with most transactions between RM 1,009 and RM 1,171. The usual range is RM 1,037.50 to RM 1,142.50, showing that most units are priced quite close to each other. With an IQR of RM 105.00 and MAD of RM 81, the PSF demonstrates reasonable consistency across the market.

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.