ULU SUNGAI MERAH

ULU SUNGAI MERAH in Bahagian Sibu, Sarawak recorded 17 subsale transactions in 2024, with a median price of RM 460K and a median price per square foot (PSF) of RM 210.

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 460K, with most transactions falling within a stable range of RM 371K to RM 549K, and a typical market range of RM 398K to RM 522K.

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

The median PSF stands at RM 210, with core pricing between RM 169 and RM 251. Market pricing typically extends from RM 184.75 to RM 235.25, reflecting moderate variation in unit pricing. The spread of RM 50.50 (IQR) and deviation of RM 41 (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.