for investment in these few year?izzit worth especially in the main city such as kuching,Miri,kota kinabalu...?

i am now working in sarawak and looking into buying property especially in Kuching. I notice price is a bit expensive especially on prime area. better buy direct from developer but locality is an issue. looking at Tabuan area near Rock Road but no cheap proerty here. anyone here who is familiar with the property market in Sarawak especially Kuching?

Comparing Kuching property market against KL, you'll find that kuching's property are highly overpriced.
Though not as developed as KL or Penang, the property market in kuching is on the high side and comparatively the same price as KL or Penang's property.

I would also say that the property in kuching are highly geared and is oversupplying the market.

One reason why the price is higher because apparently there's many investor from rural areas or smaller townships in S'wak coming out to reside in kuching. Property prices in these recent years had gone up because of this. Just a speculation without actual analysis.

Miri is another city that property market is also booming in these recent years. I wouldn't comment on how long this situation is going to sustain, but I'm against buying the property for investment purposes.

Why, because the price is high but the rental in Kuching is basically on the low side (not sure about Miri though). So if it's for rental income, you wouldn't get enough to cover your loan repayments. As for capital appreciation, unless you're willing to take the risk. I wouldn't I were you unless I'm going to reside and retire in kuching.

And knowing kuching ppl, a lot of ppl are more attracted to new development than buying old property.

I'm a Kuching kia residing in KL for around 10 years. Thus whenever I went back, I'm always shocked at how high the property prices is in Kuching, especially within this few years.

boon i agree with u. price in kuching expensive sometimes more than KL but rental is low not good for investment unless u intend to stay here. at the moment i rent a semi-d hse at jalan seladah off jalan song for RM1k only. but i want to buy a property like this but all RM500k++. not worth it considering property more than 5 years oledi. but still looking new hse from developer near this area. what do u mean by 'high gearing'? i notice there is a project by naim cendera at riveria. is this good? a bit far off from rock road but new property. what do u think?

This post has been edited by stryfox: Sep 25 2007, 03:24 PM

When I meant highly geared, I meant the property market is oversupplying, don't really know whether or not it's the right word to use, but it just suddenly pop out in my head.

To reply to your another question, sorry I don't have much news or focus on Kuching market as I'm residing in KL. Riveria is near the market side? i.e. Petanak area? I heard a lot of development around that area. Last time it's all shop lots and empty lands.

The hot areas are still BDC, Jln Song, Tabuan and Penrisson side.
MJC area have to be alert about flooding....

riveria is towards kota semarahan. going to unimas. jalan song/tabuan area is expensive but the area are nice. BDC i heard a lot of car theft. dunno how far is true. thought of looking at MJC but u r right. flooding prone area. people said petrajaya area cheaper and land area is big but that is mostly malay area and i am working around batu lintang. thanks anyway

Never buy at penrissen side.. too secluded and watch for floods..

Green height near the airport is a good investment. Check out starhill also in that area.

MJC not worth it. Paya area..

BDC and Tabuan area also good prospect.

Bought a DS terrace unit at starhill RM3++k now growing close to RM4++k

Star Hill area is beside Green Heights right?...so that's cheap ler....
BDC new developments is selling more than that right?
The area towards airport are slowly gaining the status of high class area.
there's also developments inside Sky Garden last time when I'm back. Near SRJK 6 area. But don't like the area because it's also flood prone and secluded.

Make sure to survey the area before you invest..
The reason i bought starhill is because of the housing surround it (bungalows and castles)

It is in a high class community and you can be sure that there will be no tom d*** n harry living next to you.

I used to stay at tabuan, jalan kedandi, double storey SD, nice n huge but,
the SS Terrace right opposite is full with "neighbor" blasting their car stereo in and out regardless of day n night..

Peace of mind is the most important factor other than price..

thx for the replies from you all,how about the city in sabah?
is it oversupplying for the city in sabah?

I think that property in sabah is too much targetting on the lower income group(what to do being the poorest state, Damn you UMNO! Damn youuuuu!).

property in sabah is absolutely no investment value....the price won't go up much as very less people can afford to buy, unlike peninsular, a lot of rich malay, they can buy big expensive houses, in sabah, the rich chinese also only buy double/single semi d, very stingy chinese here. while the bumi are simply too poor even you give them 20% discount also they can't afford.

But KK had high living standard no?....
Some more, properties near University Malaysia Sabah (UMS)? Not worth it?

As of 2010, Kuching property prices continue to grow at rapid pace. It's seem like the government is doing nothing to stop this. Just wondering, where is those demand coming from ? (Oversea?)

i jus came back from JB after working there for almost 3 years.......... when i was there i survey quite alot of new house also , and all the price are very cheap and the house is very big n nice ..... but when i came back kch... i realise that the hosue here is veryyyyyyyy veryyyyyy exp not so worth to buy... all 400k above for me baru consider nice... but its too exp la

KK is one of the best town to live in Malaysia to be honest.

Miri and kuching is far cheap from Bintulu....Bintulu house is very expensive even though it only small town compare to Miri and KCH...

issit ? but kch house is also getting exp also btw sabah is nice the town there can easily go to another few island !! keke can snorkeling and diving every week end !!

Property prices in Kuching and KK are more expensive than in KL or Penang. Not logical, don't touch if you are not the local guys.

I am currently interested in these 2. hope Sabahan forummer could advise?

http://innosiadevelopments.com/Projects.html





also The Peak Vista

http://www.signalhill.com.my/html/sub_proj...spx?ID=3&PID=81

This post has been edited by cranx: Sep 14 2010, 09:00 PM

i can say ... u go singapore and australia meh .. u can see soo many sarawakian there ..
they dont mind paying that kind of price. .


i think kuching price is not as bad as KK ..