PROMIN JAYA

PROMIN JAYA in Bahagian Miri, Sarawak recorded 13 subsale transactions in 2023, with a median price of RM 420K and a median price per square foot (PSF) of RM 124.

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 420K, with most transactions falling within a stable range of RM 300K to RM 555K, and a typical market range of RM 349K to RM 491K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.

Price per square foot shows a median of RM 124, though individual units vary from RM 91 to RM 157 in the core range. The broader market spans RM 98.75 to RM 149.25, indicating diverse property characteristics. A wider spread (IQR: RM 50.50) and deviation (MAD: RM 33) 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.