SouthLake Terrace @ SouthLake Permyjaya
Powered by verified data + DOSM
Generated 29 July 2026
Developer
—
Location
Miri, Sarawak
Type
Landed House
Price
RM587k+
Tenure
—
Completion
—
NewProjek Verdict
- •**Value & Pricing**: Entry-level pricing at RM587,000 offers competitive positioning for landed houses in Miri's residential market, though the absence of tenure details and completion timeline information limits assessment of long-term value retention and cost-benefit analysis.
- •**Location & Connectivity**: Miri's growing residential expansion supports locational fundamentals, however the lack of nearby MRT or public transport infrastructure indicates reliance on private vehicles, potentially limiting accessibility and appeal to transit-dependent buyers.
- •**Risk & Timing**: Undefined completion dates and missing tenure specifications present material execution risks; buyers should exercise caution regarding developer track record and obtain comprehensive contractual clarifications before commitment, particularly given Sarawak's relatively smaller property market liquidity compared to peninsular Malaysia.
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
8.9x
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
RM5,504/mo
DOSM 2024
Mean Household Income
RM6,947/mo
DOSM 2024
Households Above RM8k
~31%
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.