SouthLake River Villas @ Southlake Permyjaya
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Miri, Sarawak
Type
Bungalow
Price
RM1.5 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing & Value**: At RM1.53M entry point for bungalows in Miri, the project positions itself in the upper-middle residential segment; value assessment is constrained by lack of detailed specifications, finishes, and land area information, making direct market comparison difficult.
- •**Location & Connectivity**: Southlake Permyjaya offers established suburban connectivity to Miri's commercial core, though the absence of public transport infrastructure (no MRT) means car dependency; suitability depends on buyer's tolerance for car-reliant living in a mid-tier city market.
- •**Risk & Timing**: Critical information gaps—missing tenure details (freehold vs. leasehold), no stated completion timeline, and unnamed developer—present material risks; buyers should exercise caution until specifications are clarified and developer credentials verified before commitment.
NewProjek Score
5
Moderate
- • Developer verification status not confirmed
- • Priced 292% 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
RM5,200–7,000
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
25.6x
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 | Stretch |
| 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 |
|---|---|---|---|
| Greenville Phase 8, Double Storey Semi-D @ Senadin, Miri, Sarawak | Miri | RM789k | New Launch |
| Topaz Height, Double Storey Semi-D @ Miri, Sarawak | Miri | RM818k | New Launch |
| SouthLake Twin Villas @ Southlake Permyjaya | Miri | RM1.0 mil | New Launch |
Why Consider
- • Located in Miri, Sarawak
- • By Developer
Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • No MRT/LRT station listed nearby — may affect future demand
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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.