TAMAN MERBAU

TAMAN MERBAU in Bahagian Miri, Sarawak recorded 4 subsale transactions in 2023, with a median price of RM 361K and a median price per square foot (PSF) of RM 202.

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 361K, with most transactions falling within a stable range of RM 350K to RM 394K, and a typical market range of RM 350K to RM 388K.

Most transactions involved 2 - 2 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 202, though individual units vary from RM 160 to RM 244 in the core range. The broader market spans RM 185.25 to RM 218.75, indicating diverse property characteristics. The spread of RM 33.50 (IQR) and deviation of RM 42 (MAD) suggest moderate price variations reflecting different property features.

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.