Greenville Phase 8, Double Storey Semi-D @ Senadin, Miri, Sarawak
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Miri, Sarawak
Type
Semi-D
Price
RM789k+
Tenure
Leasehold
Completion
—
NewProjek Verdict
- •**Value & Pricing**: At RM789,000 for a double storey semi-detached unit, pricing appears competitive for the Miri market; however, leasehold tenure may limit long-term appreciation potential compared to freehold alternatives in similar price ranges.
- •**Location & Connectivity**: Senadin offers established residential infrastructure with reasonable access to Miri's commercial hub via road networks; however, the absence of MRT connectivity and reliance on private transport may constrain appeal for buyers prioritizing public transit accessibility.
- •**Risk & Timing**: The unspecified completion timeline presents a material uncertainty for buyers regarding delivery schedules and potential cost overruns; developers should clarify project milestones to mitigate investment risk and buyer confidence concerns.
NewProjek Score
5.3
Moderate
- • Developer verification status not confirmed
- • Leasehold tenure — check remaining lease years
- • Priced 102% 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
RM2,700–3,600
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
13.2x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Yes |
| RM10,000 | RM1.5 mil | Yes |
| 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 Terrace @ SouthLake Permyjaya | Miri | RM587k | New Launch |
| Springfield Residence, SOHO Apartment @ Tmn Seng Goon, Kuching, Sarawak | Kuching | RM649k | New Launch |
| Ardence Cahya Residence, Double Storey Terrace House @ Miri, Sarawak | Miri | RM666k | New Launch |
Why Consider
- • Strategic location in Miri's growing residential area Senadin
- • Affordable semi-detached homes at competitive RM789,000 price point
- • Established developer with track record in Greenville Phase
- • Strong rental demand potential in Miri's expanding market
- • Leasehold property ideal for first-time homebuyers and investors
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
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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.