SouthLake River Villas @ Southlake Permyjaya
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Miri, Sarawak
Type
Bungalow
Price
RM1.5 mil+
Tenure
—
Completion
—
NewProjek Verdict
SouthLake River Villas offers competitively priced bungalow units in Miri's developing Southlake area, making it potentially attractive for homebuyers seeking riverside living in Sarawak. However, prospective investors should exercise caution due to several missing critical details, including land tenure type, expected completion date, and proximity to public transportation infrastructure. A thorough due diligence review with the developer is recommended to clarify these information gaps before committing to a purchase.
- • 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
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.