Nexus Business Park, Double Storey Semi-D Commercial cum Showroom @ Miri, Sarawak
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Miri, Sarawak
Type
Semi-D
Price
RM1.8 mil+
Tenure
Leasehold
Completion
—
NewProjek Verdict
- •**Pricing & Value**: At RM1.81 million for a double-storey semi-detached commercial unit, the property commands a premium reflective of its commercial-cum-showroom dual-use designation; value assessment requires comparison with local commercial benchmarks, though leasehold tenure may limit long-term appreciation relative to freehold alternatives.
- •**Location & Connectivity**: Miri's secondary-tier market status and absence of MRT infrastructure constrains accessibility and tenant pool compared to Klang Valley or Penang developments; however, the commercial-showroom format may suit Miri's oil & gas sector businesses and localized consumer demand, provided the park's master plan demonstrates adequate road access and parking facilities.
- •**Risk & Timing**: Completion timeline is unspecified, introducing execution risk and buyer liquidity uncertainty; demand sustainability depends on Miri's economic trajectory and corporate relocation patterns, requiring investors to
NewProjek Score
5.3
Moderate
- • 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
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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.