Edenova, Double Storey Semi-D @ Bintulu, Sarawak
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Bintulu, Sarawak
Type
Semi-D
Price
RM1.7 mil+
Tenure
Leasehold
Completion
—
NewProjek Verdict
Edenova offers competitively priced semi-detached homes in Bintulu's developing market, making it suitable for owner-occupiers seeking affordable housing in Sarawak. However, prospective buyers should note the leasehold tenure structure and the absence of public transport connectivity, which may limit long-term appreciation potential and convenience. The lack of specified completion timeline is a notable concern that warrants clarification from the developer before commitment.
- • Developer verification status not confirmed
- • Leasehold tenure — check remaining lease years
- • Priced 333% above area median — premium pricing
Is this project priced fairly?
Sarawak — Median Condo Prices (NAPIC)
| Year | Median Price | YoY Change |
|---|---|---|
| 2021 | RM310,000 | — |
| 2022 | RM318,000 | +2.6% |
| 2023 | RM325,000 | +2.2% |
| 2024 | RM333,000 | +2.5% |
| 2025 | RM340,000 | +2.1% |
Est. Monthly Rental
RM5,700–7,800
Based on similar properties in Sarawak
Gross Rental Yield
4.3%–5.3%
Annual rental / property price
Area Price Trend
+9.7%
NAPIC data 2021–2025
Price-to-Income
28.3x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | ❌ No |
| RM7,000 | RM1.0 mil | ❌ No |
| RM10,000 | RM1.5 mil | ❌ No |
| RM15,000 | RM2.3 mil | ✅ Yes |
| RM20,000 | RM3.2 mil | ✅ Yes |
Based on 4.5% interest, 35-year tenure, 70% DSR, RM500 existing commitments, 90% loan margin
DOSM income data for Sarawak
Median Household Income
RM4,978/mo
DOSM 2022
Mean Household Income
RM6,457/mo
DOSM 2022
Households Above RM8k
~28%
Estimated for Sarawak
Similar projects in Sarawak
| Project | Location | Price From | Status |
|---|---|---|---|
| SouthLake Twin Villas @ Southlake Permyjaya | Miri | RM1.0 mil | New Launch |
| SouthLake River Villas @ Southlake Permyjaya | Miri | RM1.5 mil | New Launch |
| Nexus Business Park, Double Storey Semi-D Commercial cum Showroom @ Miri, Sarawak | Miri | RM1.8 mil | New Launch |
✅ Why Consider
- • Located in Bintulu, Sarawak
- • Leasehold title property
- • By Developer
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • Leasehold tenure may depreciate faster than freehold
Disclaimer: This report is generated using publicly available data from NAPIC, DOSM, and developer disclosures. Rental estimates, yield projections, and risk assessments are indicative only and do not constitute financial advice. Market conditions may change. Consult a licensed property valuer or financial advisor before making investment decisions. NewProjek is not responsible for any decisions made based on this report.