Area Intelligence

BANDAR SIBU

7 properties
2024
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Median Price
RM 850,000
PSF: RM 773

Commercial Market

Median Price

RM 850,000

IQR: RM 261
MAD: RM 141
RM 773 PSF 16.5%

PSF Trends (2021-2025)

BANDAR SIBU in Bahagian Sibu, Sarawak recorded 7 subsale transactions in 2024, with a median price of RM 850K and a median price per square foot (PSF) of RM 773.

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 850K, with most transactions falling within a stable range of RM 720K to RM 1.01 million, and a typical market range of RM 720K to RM 993K.

Most transactions involved 4 - 4 1/2 storey shop, with moderate diversity in property types available.

Price per square foot shows a median of RM 773, though individual units vary from RM 238 to RM 1,308 in the core range. The broader market spans RM 642.75 to RM 903.25, indicating diverse property characteristics. A wider spread (IQR: RM 260.50) and deviation (MAD: RM 535) 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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BANDAR SIBU, Bahagian Sibu, Sarawak

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Transactions

7 properties found

Shop/Retail Lot
RM 720,000
328 sqft Oct 2024
RM 2,195.00 PSF
Semi-D Factory LANANG ROAD, SIBU
RM 800,000
2,030 sqft Aug 2024
RM 394.00 PSF
4-Storey Storey Shop BLOK 6, JALAN CHENGAL, SIBU
RM 900,000
1,164 sqft Jul 2024
RM 773.00 PSF
4-Storey Storey Shop JALAN LONG BRIDGE
RM 1,100,000
1,260 sqft Jul 2024
RM 873.00 PSF
4-Storey Storey Shop WORKSHOP ROAD
RM 1,200,000
1,180 sqft Jul 2024
RM 1,017.00 PSF
4-Storey Storey Shop JALAN CHENGAL
RM 850,000
1,182 sqft May 2024
RM 719.00 PSF
4-Storey Storey Shop JALAN UPPER LANANG
RM 850,000
1,161 sqft Apr 2024
RM 732.00 PSF