BANDAR SIBU
Commercial Market
Median Price
RM 850,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
4-Storey Storey Shop
8 properties
Median Price
RM 814,500
-53.6% CAGR
Median PSF
RM 588.50
-47.0% CAGR
3-Storey Storey Shop
1 properties
Median Price
RM 1,280,000
Median PSF
RM 825.00
Semi-D Factory
1 properties
Median Price
RM 800,000
Median PSF
RM 394.00
Shop/Retail Lot
1 properties
Median Price
RM 720,000
Median PSF
RM 2,195.00
Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
---|---|---|---|---|---|---|
4-Storey Storey Shop | 8 |
RM 814,500
±136K MAD
|
-53.58% |
RM 588.50
±102 MAD
|
-46.97% | |
3-Storey Storey Shop | 1 |
RM 1,280,000
|
- |
RM 825.00
|
- | |
Semi-D Factory | 1 |
RM 800,000
|
- |
RM 394.00
|
- | |
Shop/Retail Lot | 1 |
RM 720,000
|
- |
RM 2,195.00
|
- |
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.
Filter by type, year, price, and size
Transactions
7 properties found
Type
|
Road
|
Price
|
PSF
|
Area
|
Date
|
---|---|---|---|---|---|
Shop/Retail Lot |
|
RM 720,000
|
RM 2,195.00
|
328 sqft
|
Oct 2024
|
Semi-D Factory |
LANANG ROAD, SIBU
|
RM 800,000
|
RM 394.00
|
2,030 sqft
|
Aug 2024
|
4-Storey Storey Shop |
BLOK 6, JALAN CHENGAL, SIBU
|
RM 900,000
|
RM 773.00
|
1,164 sqft
|
Jul 2024
|
4-Storey Storey Shop |
JALAN LONG BRIDGE
|
RM 1,100,000
|
RM 873.00
|
1,260 sqft
|
Jul 2024
|
4-Storey Storey Shop |
WORKSHOP ROAD
|
RM 1,200,000
|
RM 1,017.00
|
1,180 sqft
|
Jul 2024
|
4-Storey Storey Shop |
JALAN CHENGAL
|
RM 850,000
|
RM 719.00
|
1,182 sqft
|
May 2024
|
4-Storey Storey Shop |
JALAN UPPER LANANG
|
RM 850,000
|
RM 732.00
|
1,161 sqft
|
Apr 2024
|