BANDAR SIBU

BANDAR SIBU in Bahagian Sibu, Sarawak recorded 2 subsale transactions in 2023, with a median price of RM 1.00 million and a median price per square foot (PSF) of RM 716.

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 1.00 million, with most transactions falling within a stable range of RM 729K to RM 1.28 million, and a typical market range of RM 862K to RM 1.15 million.

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

The median PSF stands at RM 716, with core pricing between RM 607 and RM 825. Market pricing typically extends from RM 585.75 to RM 846.25, reflecting moderate variation in unit pricing. The spread of RM 260.50 (IQR) and deviation of RM 109 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.