Hi,

Any Sarawakian forumer here? I am opening a thread to welcome all Sarawakians and non Sarawakians who are interested in our local property to come in and discuss on the latest property and commercial developments around major cities of Kuching, Sibu, Bintulu and Miri.

You are most welcomed to share any photos of your purchased unit, or any development that you are aware of

Let me start off with some latest developments around Kuching City:


P Residences Batu Kawah


Grand Central Opposite Aeon Jalan Keretapi



LD Legenda Next to SGH


Naim Paragon Sapphire on the Park Batu Lintang


Skyvilla MJC

This post has been edited by Michaelbyz23: Mar 8 2017, 09:23 PM

Some landed properties:


4th Mile after Boulevard mall


LaPromenade Samarahan


Riverale Stutong



Taman Yen Yen Matang


Greengate Stephen Yong



Stephen Yong

.


Unicentral Opposite UNIMAS




Stutong Baru



Behind Sunnyhill


Matang

Batu Kawa Old Town



Sg Moyan Batu Kawa


Matang


Hui sing



Stutong Baru


City Garden Kota Samarahan

Riverine Pending


Tropics City Jalan Song


Jazz Suites @ Vivacity Mall


Liberty Grove Kota Sentosa


D Qube Kota Sentosa


Eden on the Park Kota Samarahan


Tabuan Tranquility Stutong


Tabuan Tranqulity Park


CMS Rivervale

The Roxy Sunnyhill


Greenwich Sunnyhill


Tribeca Suites Tabuan


The Isthmus BCCK


Metrocity Matang


Tamu at Jalan Stampin Tengah


NuRyegates Airport

any new project from BINTULU?

i am buying one in samarahan...

There are alot of new projects going on in bintulu the last I visit.. like bintulu Paragon streetmall.
But not sure about the other development, if you know any, do share them here with all of us


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Hi bro, congrats! which one you have bought?

unicentral project
how about you？

I have not bought any yet, still in the process. Looking at somewhere around Midway crescent.
How much was yours? Bought many years ago?

Check in

Good Collection

Kuchingnite?

Pr1ma Bintawa Open house 10-12 March

This might be out of topic.

I'm going to Bintulu, Sarawak in 2 weeks time.

I'm still looking for a house to lease. Anyone can help?

Any landed property to intro in Sibu?

Anyone can help this forumer? I am sorry not familiar with bintulu. Maybe try looking around at Mudah?

There are many new landed properties in Sibu, if I get the chance to go Sibu, I see what info I can get. Youre from sibu and thinking to buy 1 for own stay?

Got any new project near UNIMAS...? Im keen to try investing in student accomodation..

Thanks ts, parking as Kuching fansi.

This post has been edited by heavensea: Mar 15 2017, 06:35 PM

Definitely, there are tons of houses opposite unimas, and one high rise coming up soon by RJ realty, next to UNIMAS. Cannot remember the project name though. Should go drive around when you are in kuching to have a look

You're also from Kuching?

used to stay miri/Kuching before.
Miri is shyt but Kuching is a stated with opportunities.

I see, welcome! You were from Oil and Gas industry before?
I kind of like Miri and Bintulu. But Kuching is still my hometown and favorite
Miri has lots of development by the sea side from Shin Yang, ranging from shoplots, terrace, bungalows, semi d, factories, and etc.

not really..
Miri like a town with nothing much or it has quite development in recent years?
How's Sarawak overall development lately? I didn't go back there around few years lo, kind miss Kuching.

This post has been edited by heavensea: Mar 16 2017, 10:08 AM

I see, where are you currently working at now?
If you come back you will be surprised how much developments are currently going on. Of course cannot compare to KL, but for a small city like kuching, the improvements are tremendous. Traffic has been increasingly more congested over the years too.

Thanks for the info! Maybe i should take a quick holiday there look see...

Here are some that I took past few weeks, all opposite UNIMAS.

Enjoy, do drive around to have a look yourself and be mesmerized by the amount of houses in that area.

Any idea what is the average price for the properties tat around the UNIMAS area?

Roughly middle lot DS terrace around 480k and above.

Normally if DS terrace cn rent for how much yea?

Not too sure about the rental. It's best you go drive around and call any numbers hanging on the gate for info. You planning to buy landed for rental?

Survey2 1st.. any suggestion?

hi any affordable apartment around Tabuan area for recommendation? looking for less than 400k

Try Satria Apartment, next to Viva mall

nice tered ts. really like the modern design of house at 4th mile behind boulevard, good location too but heard the price is around 2 mil


https://c1.staticflickr.com/1/595/333011011...1dfa6ba1d_b.jpg

Yea.. 2.25mil. almost sold out d the last I check.

Beautiful Kuching aerial view at night

Is it true that property in Kuching is all leasehold?

So far never see any freehold in kuching, mostly 60 years lease.

i see, not 99 like in peninsular

99 years also got. Depending on which area. Getting more common

hi,

any miri ppl here? just want to ask how is the commercial market in Miri area yea? in term of rental?

thanz for the info in advance...

Not from miri. But i saw a lot of empty shop lots at marina area there yet to be occupied.

Hi,

any sarawakian here? wanna ask about how the retail lot work in Merdeka Plaza? I saw there got ppl selling the retail lot which is leasing bck to the management... Any idea itiz true? and how about the payment if true?

Thank you...

Hi Michael, this means "most/all" of kuching properties (shop lot/landed/high rise) also lh? But less than 99 like peninsular?

I'm from Miri, but currently residing in KL (Seputeh area).

For the commercial market, I don't follow it that closely, but based on my experiences with people who have invested in shoplots, I can say that it's not doing too well nowadays. My dad bought a shoplot at the Eastwood Industrial Park 2 years ago and up till now, no tenant moved in. As for the Waterfront, the commercial lots are completed, but not many tenants moved in yet the last time I was there back a few months ago.

I see.. end of may tat day i got went to Miri for surveying oso... there are quite lot of unoccupied shoplot... mayb due to too many commercial project in Miri.. i got went to senadin area too, many shoplot complete but left unoccupied.. jz dunno will it owkie in future or not...due to tat area quite near to chckpoint..hehe..

Hi all,

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Thank you!


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If I were you, I'd better wait until the property market improves because according to my dad, he saw a lot of 'For Sale/Rent' on quite a number of shoplots dy, including the ones at the Waterfront.

haha... just surveying the area now... but seems lot of vacant lot there and no market there.. if there are cheap sale mayb stil cn cnsider la.. haha...

Seems like there's an oversupply of commercial properties not only in Miri but in a number of cities in Sarawak like Bintulu and Kuching. If oversupply in residential properties, that's still able to rectify as there are always people looking for a place to stay/rent, regardless of a recession or not.

Shoplots/Commercial units, on the other hand, not everybody needs to set up a business and I'm sure those who do are not that many compared to salaried workers. Talk about a mismatch of demand and supply.

This post has been edited by DesRed: Jul 28 2017, 09:57 AM

yea.. i guess nt only sarawak.. the oversupply of commercial properties oso happen in sabah here.. which they are more and more shopping mall and oso commercial lot in every single place.. just in KK, there are omost 10 shopping mall in the not far radius, this nt including for the commercial lot yet...

yeah, do you think this is sustainable? the growth of the commercial lots take up seems slow. wonder how those who bought those shop lot maintain their monthly payment to the bank

most of the ppl who bought those shop lot are the person which is in the rich categories i gues... tatz y nt worry for the monthly payment to the bank.. y i said so.... due to where i ever meet a owner which his shop is now tenanted, and need renew the tenancy agreement by this year.. nowadays business market oledi in slow down term, the owner still wan to increase the rental price... at last the tenant force to move out due to hard to pay increasing of the rental.. and now the owner end up left the lot vacant for amost 3 months now... if for me i won do so...

Most, but not all. I know my dad is cursing that Eastwood Industrial Park shoplot that he bought 2-3 years ago coz up till now, no tenant wanted to set up shop there and he still continue to pay the monthly installments some more. He runs his own business, btw, but pretty small scale.

Where is Eastwood?

Right next to Eastwood Valley golf course if you're referring to the Eastwood Industrial Park.

eastwood area? upcoming pan borneo highway there?

this statement is very true...i'm fr kuching...plenty of shoplot around...no demand...

earlier,when my wife and mysefl moved back to kuching from overseas, i was considering to set up a business and was looking around for commercial unit with my wife (partner), ended up, the KEY QUESTION is, what business do we wanna set up is more important than the locality..cos, everywehre in the city, there's empty shoplot for rent... (anyway, we havent figured out wat biz to set up for now, so we go into employment, hopefully by next year we can set out on our own)

tenant market nowadays, sad to say...

well..to be honest, if rent whole house, it will be around Rm1300-RM1500...

but if u partition room, like those bangala dorm, then its different...

rental market is more on the weaker side....i rented out 1 unit at tabuan tranquility at RM1200, unfurnised.

Good choice bro, all the best in your selection next year. The market is now called the 'renters' market'.

Anyone buying PR1MA Kuching here?

Almost bought the one at Matang.. Are you planning to buy there?

I'm looking into the one at Bintawa. Location and design looks not bad.

Its cheap terrace rm200k only i think... why dont buy

I think some people prefer apartment/condo more than landed

what about condominium, look like now new development selling at rm700k n abv

I would say those people fall under the minority in Sarawak. Based on my observation, most Sarawakians still prefer landed properties and a condo to them is still outside the norm for now.

That might change as the years pass by, but still a long way to go for that to happen.

well, is the price really that "affordable"?

for the same price, u ccould be looking at Courtyard sacntuary, MJC...at least u can occupy it immediately, OR rent it out to medical officer easily...its high demand...

that's y i hesitate big time on Pr1MA

condo can rent slightly higher, maybe fetching around 1600-1800...

RM700k condo?..well, it aint many here in sarawak...maybe at city center like Riverine would fetch that price. the rest are unless more luxury type...

many condo are going for around 470k++

For Miri scene, one of the developers told me it's not worth to build condo there. People tend to favor landed over high rise with one of the benefits being not having to carry stuffs using the lift after some serious groceries shopping.

The shoplots at Marina are slowly picking up btw.

For Kuching, I saw less people are going to the malls nowadays. Could be due to economic issue or poor market sentiments that people are not spending their cash as easily as before.

I'm a Mirian myself and I also agree with this. Based on my last visit, I can easily count the number of condos in one hand.

As long as there's still lots of land to develop housing estates and the travelling distance isn't too far, most, if not all, Mirians will still go for landed over a high-rise.

Based on what I saw of the crowd in any Kuching shopping mall, I noticed that if there's a huge event at one mall, the crowd will flock there and the other malls will end up nearly empty. At least in KL, if there's a huge event like the TCE Baby Expo at Mid Valley Megamall and a lot of ppl flock there for the discounted baby items, the other shopping malls still have their crowds.

Though on normal days, you do see a crowd in all their shopping malls.

have a look into mudah http://www.mudah.my/Sarawak/Apartments-202...a=536&so=1&st=s
the price is almost as same and smaller. I think for my unit is RM308/psf which is consider cheap already.

Yes pr1ma is not high demand and not easy to rent out.

Plus for prima we cant actually rent it out for 10 years

Yea about this one, I'm quite upset about the sudden change to 10 years again.
I received a statement from Pr1ma few weeks ago on the case and I feel it is very unfair for us.

Marina area is the new develop area rite?

Yes you are right. Near coco cabana.

Which area in Miri good for investment?

Bro, wat u thk about the LD Legenda project tat next to SGH? gud enter? im seeking for investment..

Parking

Problem now is Kuching getting very jammed

With recent new government and GST issue, Kuching properties investing still worth?
Looked around 2nd hand residence in Kuching:
jln song terrace ~650k, corner 900k
tabuan terrace ~600k, corner 800k
bdc terrace ~ 550k, corner 700k

Properties market now overpriced?

there is an area named Tabuan Park. near to tabuan jaya. is that a good area?

PR1MA and PPAM units worth buying?

Short answer yes.