MIRI TIMES SQUARE

MIRI TIMES SQUARE in Bahagian Miri, Sarawak recorded 6 subsale transactions in 2023, with a median price of RM 572K and a median price per square foot (PSF) of RM 495.

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 572K, with most transactions falling within a stable range of RM 518K to RM 620K, and a typical market range of RM 537K to RM 608K.

Most transactions involved soho/sofo/sovo, though some variety exists in the market.

Price per square foot shows a median of RM 495, though individual units vary from RM 269 to RM 720 in the core range. The broader market spans RM 317.00 to RM 672.00, indicating diverse property characteristics. A wider spread (IQR: RM 355.00) and deviation (MAD: RM 226) 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.