Nexus Business Park, Double Storey Semi-D Commercial cum Showroom @ Miri, Sarawak
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Miri, Sarawak
Type
Semi-D
Price
RM1.8 mil+
Tenure
Leasehold
Completion
—
NewProjek Verdict
Nexus Business Park offers a competitively priced commercial property option in Miri's growing business district, with semi-detached units providing flexibility for showroom and office use. However, prospective buyers should note the absence of specified completion timelines and lack of proximity to major transportation infrastructure, which may impact accessibility and long-term appreciation. The leasehold tenure requires careful review of lease terms and remaining duration before investment commitment.
- • Developer verification status not confirmed
- • Leasehold tenure — check remaining lease years
- • Priced 364% 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
RM6,200–8,300
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
30.3x
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 |
| Edenova, Double Storey Semi-D @ Bintulu, Sarawak | Bintulu | RM1.7 mil | New Launch |
✅ Why Consider
- • Located in Miri, 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.