Bandar Miri
Commercial Transaction Prices
Bandar Miri is a township/project located in Bahagian Miri, Sarawak. The median transacted price for Bandar Miri is RM 1,390,000 with a median transacted price of RM 684.88 per sq. ft.
Property transactions snapshot
Data shown is based on the latest 12-month available period
Median price
RM 1,390,000
4.91% YoY
Lower: RM 1,280,000
Upper: RM 1,500,000
Median price per sq.ft. (psf)
RM 684.88
-25.80% YoY
Lower: RM 559.08
Upper: RM 810.67
How was this calculated?
- The Lower (25th percentile), where 25% of properties sell for a lower price.
- The Median (50th percentile), which represents the middle price point. At this point, half of the properties sell for more and half for less.
- The Upper (75th percentile), where 75% of properties sell for a lower price.
Capital growth (Year-over-Year) is another important concept. It refers to the percentage change in the median price from one year to the next.
Bandar Miri Median Price Psf
Latest Transactions from Feb 24 to Jan 25
(2 Transactions)
| Sales Date | Property Type | Tenure | Road | Land Area | Build Up | Unit Level | Transaction Price | Price PSF |
|---|---|---|---|---|---|---|---|---|
| January 2025 | Shop | Leasehold | High Street | 1,850.31 sq.ft | 3,500.31 sq.ft | RM 1,500,000 | RM 811 | |
| September 2024 | Shop | Leasehold | Jalan Merbau | 2,289.48 sq.ft | 4,617.71 sq.ft | RM 1,280,000 | RM 559 |
January 2025
Type: Shop
Tenure: Leasehold
Road: High Street
Land Area: 1,850.31 sq.ft
Build Area: 3,500.31 sq.ft
Transaction: RM 1,500,000
Price PSF: RM 811
September 2024
Type: Shop
Tenure: Leasehold
Road: Jalan Merbau
Land Area: 2,289.48 sq.ft
Build Area: 4,617.71 sq.ft
Transaction: RM 1,280,000
Price PSF: RM 559
Frequently Asked Questions
What factors affect commercial property prices in Bandar Miri, Bahagian Miri?
Commercial property prices in Bandar Miri, Bahagian Miri are affected by demand, interest rates, economic conditions, local government policies, and development in the area.
Will commercial property prices fluctuate in Bandar Miri, Bahagian Miri?
Yes, prices can fluctuate depending on market conditions, economic factors, and demand in Bandar Miri, Bahagian Miri.
How have commercial property prices changed recently in Bandar Miri, Bahagian Miri?
In the past 12 months, commercial property prices in Bandar Miri, Bahagian Miri have increased by 4.91% YoY.
What is the median price for commercial property in Bandar Miri, Bahagian Miri?
The median price for commercial property in Bandar Miri, Bahagian Miri is RM 1,390,000.
Data Source & Disclaimer:
The transaction data provided on PropertyGenie.com.my is intended for general informational purposes only. It is sourced from the National Property Information Centre (NAPIC) and represents historical subsale property transaction prices. While we strive to ensure the data's accuracy, completeness, and reliability, PropertyGenie.com.my makes no warranties or representations as to the data's current accuracy or completeness. The information constitutes "Third Party Content" under our Website Terms. Users are advised to use this data at their own risk and consider seeking professional advice for property decisions. We disclaim liability for any errors, omissions, or inaccuracies and any loss or damage arising from reliance on this information. PropertyGenie.com.my reserves the right to update or amend the data without notice.