Nearby Neighbourhood
379
Properties within neighbourhood
97
Convenience Store
87
Shopping Malls
102
Supermarkets & Markets
10
Public Transport
83
Educations
137
Places of Worship
96
Medicals
124
Banks
107
Petrol Station

average

Crime Level

Pan Borneo Highway

Highways

Toorak Park, D'Qube Square, Aurora Height Community, Taman Samarindah, Sapphire on the Park, Urban Residences, Merriton, Gala City

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Transacted Prices

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

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Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Sarawak *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

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Sarawak, also known as the land of the hornbills, is located on the island of Borneo. It is bordered by Sabah to the northeast; Indonesia to the south; and the country of Brunei at the north.

Its capital city is Kuching, where the economic centre of the state and seat of the Sarawak state government are located. Other major towns of it are Miri, Sibu and Bintulu, to name a few.

Some of the leading industries that are driving the state’s economy include agriculture, forestry, and tourism, of which Gunung Mulu National Park and the Rainforest World Music Festival are some the states' major attractions.

As for the population of Sarawak, it consists of many tribal groups such as Dayak, Iban, Bidayuh, Melanau and Orang Ulu, among many. Many of these tribal people still live in longhouses, which is also a trademark for Sarawak.

When it comes to property investment, the state has many commercial developments such as shop-office lots, office blocks, retail space and industrial lots. Same goes for the residential developments like terrace houses, semi-detached houses, bungalows, apartments and condominiums. Other than that, pieces of lands can also be found sold here.

Based on the local daily, it is said that there are strong demands for residences selling below RM350,000 per unit. Although the market here is stagnant due to the mismatch situation of market and demand, it is predicted that the prices of properties in Sarawak will appreciate.

Consumer Price Index

This is a representation of Sarawak Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.754% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 1.916% in 2013. Prices of essential goods then increasing to 2.82% in the year 2014 while surging by 1.554% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 104.4 in 2012, 106.4 in 2013, 109.4 in 2014, 111.1 in 2015.

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