SOUTHLAKE

SOUTHLAKE in Bahagian Miri, Sarawak recorded 7 subsale transactions in 2021, with a median price of RM 350K and a median price per square foot (PSF) of RM 166.

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 350K, with most transactions falling within a stable range of RM 330K to RM 870K, and a typical market range of RM 330K to RM 445K.

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

The median PSF stands at RM 166, with core pricing between RM 148 and RM 184. Market pricing typically extends from RM 140.88 to RM 191.13, reflecting moderate variation in unit pricing. With an IQR of RM 50.25 and MAD of RM 18, 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.