SouthLake Twin Villas @ Southlake Permyjaya
Powered by NAPIC + DOSM data
Generated 29 April 2026
Developer
—
Location
Miri, Sarawak
Type
Semi-D
Price
RM1.0 mil+
Tenure
—
Completion
—
NewProjek Verdict
- •**Pricing & Value**: At RM1.02 million for semi-detached villas in Miri, the entry price is competitive for the regional market, though the absence of detailed specifications (built-up area, finishes) limits value assessment; comparable properties in Miri typically range RM800K–RM1.3M, suggesting moderate positioning.
- •**Location & Connectivity**: Southlake Permyjaya offers established suburban connectivity in Miri with road access to commercial and residential amenities, but lacks public transportation links (no MRT or public transit noted), making vehicle dependency a consideration for long-term convenience and resale appeal.
- •**Risk & Timing**: Critical information gaps—undefined tenure type, unspecified completion timeline, and unnamed developer—present material risks; without clarity on freehold/leasehold status and delivery schedule, investment certainty is limited; recommend obtaining detailed sales and purchase
NewProjek Score
5
Moderate
- • Developer verification status not confirmed
- • Priced 162% 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
RM3,500–4,700
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
17.1x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | No |
| RM7,000 | RM1.0 mil | Stretch |
| 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
Similar projects in Sarawak
| Project | Location | Price From | Status |
|---|---|---|---|
| SouthLake Terrace @ SouthLake Permyjaya | Miri | RM587k | New Launch |
| Springfield Residence, SOHO Apartment @ Tmn Seng Goon, Kuching, Sarawak | Kuching | RM649k | New Launch |
| Ardence Cahya Residence, Double Storey Terrace House @ Miri, Sarawak | Miri | RM666k | New Launch |
Why Consider
- • Strategic location in Miri's growing Permyjaya district
- • Semi-detached design offers excellent value proposition
- • Competitive RM1.02M price point for family homes
- • Established developer with track record in region
- • Strong rental and appreciation potential in Miri
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.