Area Intelligence

OCEAN PARK

8 properties
Single Storey Terraced
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Median Price
RM 305,000
PSF: RM 180

Residential Market

Median Price

RM 305,000

IQR: RM 44
MAD: RM 20
RM 180 PSF 10.2%

PSF Trends (2021-2025)

OCEAN PARK 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 305K and a median price per square foot (PSF) of RM 180.

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 305K, with most transactions falling within a stable range of RM 276K to RM 330K, and a typical market range of RM 233K to RM 330K.

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

The median PSF stands at RM 180, with core pricing between RM 160 and RM 200. Market pricing typically extends from RM 155.25 to RM 204.75, reflecting moderate variation in unit pricing. With an IQR of RM 49.50 and MAD of RM 20, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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OCEAN PARK, Bahagian Miri, Sarawak

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Transactions

8 properties grouped by size

1,600 sqft
4 units Single Storey Terraced
RM 310,000
JALAN LAUTAN 6A
1,595 sqft · RM 194.00 PSF
Jul 2024
RM 300,000
JALAN LAUTAN 6A
1,595 sqft · RM 188.00 PSF
Mar 2024
RM 320,000
JALAN LAUTAN 7C
1,615 sqft · RM 198.00 PSF
Dec 2023
RM 295,000
JALAN LAUTAN 7A
1,615 sqft · RM 183.00 PSF
Aug 2022
1,650 sqft
1 units Single Storey Terraced
RM 233,000
JALAN LAUTAN 7
1,673 sqft · RM 139.00 PSF
Apr 2023
1,850 sqft
3 units Single Storey Terraced
RM 315,000
JALAN LAUTAN 3A
1,857 sqft · RM 170.00 PSF
Jan 2025
RM 330,000
JLN LAUTAN 5
1,868 sqft · RM 177.00 PSF
Mar 2022
RM 270,000
JALAN LAUTAN 3
1,868 sqft · RM 145.00 PSF
Dec 2021