SouthLake Terrace @ SouthLake Permyjaya
Powered by verified data + DOSM
Generated 14 June 2026
Developer
—
Location
Miri, Sarawak
Type
Landed House
Price
RM587k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing and Value**: Entry price of RM587,000 is competitive for landed houses in Miri's residential market, offering reasonable value for first-time buyers and investors seeking affordable property options in Sarawak, though long-term appreciation potential requires market comparison with similar developments.
- •**Location and Connectivity**: Situated in Permyjaya, Miri, the project benefits from an established residential area with local amenities; however, lack of MRT connectivity and limited information on road access and proximity to commercial hubs may constrain convenience and future demand compared to developments in larger Malaysian cities.
- •**Risk and Timing Concerns**: Absence of specified tenure type and completion timeline presents material uncertainties for buyers regarding land rights duration and project delivery; investors should seek clarification on these critical details before commitment, as delayed completions and unclear tenure structures are known risks in Sarawak property developments.
NewProjek Score
5
Moderate
- • Developer verification status not confirmed
- • Priced 51% above area median — premium pricing
Is this project priced fairly?
Sarawak — Median Condo Prices (Verified)
| 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
RM2,000–2,700
Based on similar properties in Sarawak
Gross Rental Yield
4.3%–5.3%
Annual rental / property price
Area Price Trend
+9.7%
Verified data 2021–2025
Price-to-Income
9.8x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | Yes |
| 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
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 the government, 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.