Springfield Residence, SOHO Apartment @ Tmn Seng Goon, Kuching, Sarawak
Powered by NAPIC + DOSM data
Generated 15 March 2026
Developer
—
Location
Kuching, Sarawak
Type
Serviced Apartment
Price
RM649k+
Tenure
Leasehold
Completion
—
NewProjek Verdict
Springfield Residence, SOHO Apartment @ Tmn Seng Goon, Kuching, Sarawak by the developer is a Serviced Apartment development in Kuching, Sarawak starting from RM649k. With Leasehold tenure, it offers a new launch opportunity worth evaluating against comparable projects in the area.
- • Developer verification status not confirmed
- • Leasehold tenure — check remaining lease years
- • Priced 91% 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
RM2,200–3,000
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
10.9x
National avg: 6.8x
Loan Eligibility by Salary
| Monthly Salary | Max Affordable | Can Afford? |
|---|---|---|
| RM5,000 | RM704k | ⚠️ Stretch |
| 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
Similar projects in Sarawak
| Project | Location | Price From | Status |
|---|---|---|---|
| SouthLake Terrace @ SouthLake Permyjaya | Miri | RM587k | New Launch |
| Ardence Cahya Residence, Double Storey Terrace House @ Miri, Sarawak | Miri | RM666k | New Launch |
| Aurum Pine Residence, 2-Storey Terrace @ Miri, Sarawak | Miri | RM698k | New Launch |
✅ Why Consider
- • Located in Kuching, Sarawak
- • Leasehold title property
- • By Developer
⚠️ Risk Factors
- • Under construction — completion delays are possible
- • Premium pricing relative to area median may limit resale upside
- • Leasehold tenure may depreciate faster than freehold
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.