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 ..

In KK salary is below average... living cost omos same as KL.. not to mention alot of PATI i think 60% of KK people is PATI... all thax to UMNO thank you UMNO ummmmuahh!! we sabahan love u so much... gud luck for the next pilihan raya!!!

Here in KK the house price is extremely expensive! And I don't think buying house here for the investment is a good thing. If you buy an expensive house and want to rent it, the rental must be high too. And a lot of people here can't afford it because of low income. Not to mention the cost of living here..

kk property and cost living damn high...but wonder some of them still can sustain..we're damn poor here..1double storey simply cost u rm400k and above now..abt 20years old..but many stingy and rich chinese guy...u can simply see anywhere young generate spend their parents money to tackle gals and buy nice cars...

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Added on May 15, 2011, 5:00 pmJindo lintas rm400k and above, Lido single double almost rm300k. Dongong almost rm320k and above...here old development mostly 999years(not freehold), new development 99years.. Rental rm1k-1.5k..so do u thk is good investment...

This post has been edited by cutealex: May 15 2011, 05:00 PM

price almost same with Miri, RM400k for a double storey terres but miri is 60 years lease hold

Sabah property escalating price is geared by those oil palm estate owners and foreigners.

Not forgetting those Sabah Native selling their ancestor land to the developer over price, thus contributing high land cost to new development.

Apartments development are getting more and more these days due to rural people coming in to reside in Kota Kinabalu, and other than buying low cost house their only choice is apartment.

If one intends to go for cash flow, buy apartments. Medium cost apartment gives good cash flow.

For appreciation purpose, buy terrace house with good or potential locality.

I would say hardly local Sabah will stay or rent apartment...got one new development apartment at KkIP,Sepanggar bay,further deep in than oneBorneo mall...i m now at OneBorneo..cheers

KKIP, Sepanggar are not a good place for apartment investment. They are good for landed housing.

Apartment investment are suitable in close proximity to KK city area.

like this aprtment near Sibulan kk..

Yes, I owned one unit there.

I just went to see the newly complete show house near to 1 borneo..approx 1km from 1 borneo mall, 3storey landed but 99years start 535k...i just went to Sepangan there eat coconut puddi ng...

Does anyone have any information about a property called SkyVilla in Kuching?

has anyone heard about Tabuan Tranquility 2?

can west msian buy prop in east msia?
i plan to buy one and retire there in future.
heard east msia is more harmony than west msia. eg racial, religion etc
which town is the best?
I like KK coz there is intl airport.
is it true i must marry a local east msian to own a house or reside there?

This post has been edited by lucerne: Feb 1 2012, 06:14 PM

Why not? You are a Malaysian. Unless you are thinking of NT (native title) or NCR (Native Customary Rights) which is the equivalent of our Malay Reserve in West Malaysia. But land offices in Sarawak are easier to deal with than Sabah than West Malaysia.

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Added on February 2, 2012, 4:19 pmSabah has interesting development guidelines as compared with West Malaysia. There is no one single massive developer of thousands of acres developing new town ship there simply because most of the land nearing town areas are just smaller pieces. The biggest factor in making houses expensive there is the building material. It is way too expensive when compared to the west.

This post has been edited by michaellee: Feb 2 2012, 04:19 PM

yes - if I recall correctly the starting price was around RM580k on ward for the (super)link house... by developer Ibraco...

KK is a good place to stay, especially for retirement. I know a lot of ppl from west Malaysia won't want to go back after their secondment. U r on d right track, keep going n dun lose heart.

Off topic :

They all dont want to go back because the amoi here is prettier and cuter. Esp sino native.

yes, i hv been to east msia many times. (for wood industry). agreed east msia is a good place to live.

Anyone bought any property in kuching recently? I just bought 1 unit tabuan tranquility. Hopefully it is gonna be a good investment and nice environment in the next 2 years.

Miri rental is high. for the same price, much better options can be found in KL, but in Miri, chinaman old house is what you get. Double story terrace at bayshore asking RM3k...gila
Surprisingly many new houses in Miri being built. Those around airport, lots in permyjaya and lots also in Senadin. Curtin's expansion helps a lot in Senadin. But many houses are not in nice areas, so those that are different e.g. GnG like Greenville, are really worth the ringgit spent because weekenders from Brunei prefer safe area when their homes are empty during the week, and these Bruneians are rich indeed

hello forumer . i kinda interested in Aeropod at Tanjung aru , kota kinabalu sabah. anybody could comment about this development?

But who will rent a house for RM3000 in miri? expat from O&G company?

are you from sabah or west malaysia?
I would be interested to know how good is SP Setia Project?
any failure project from them in west malaysia?
SP Setia - the Midas Touch?

Just some doubt from me and first impression about aeropod project:
- how aeropod compete with KK times Square, Riverson and Mah Sing Project which believed to be the new CBD in KK.
- what is the uniqueness of aeropod? since mah sing is more or less the same concept and better location. and KK times square is doing quite well recently which their office block is occupied by most of the large company in kk and their leasing team is doing quite well for the mall.

Anyone looking at booming bintulu? Bintulu is booming for the third time due to score, trsin 9 petronas lng project and pulp mill project. These development are changing the face of bintulu. But prices of the properties have gone up so muvh already. Prices of terraced houses, nothing below 350 k, but you can get rental of over 2000. Wish i had hone in 1 or 2 years earlier.

It's seem like property prices in Kuching is going UP UP witgh no sign of slowing. Anyone have good property to offer ?

Property prices in Kch increase 10k a month. Price for intermediate 496k at TT4

you know why building materials expensive?
Only ONE cement producer is allowed to sell cement in swk =CMS.
Who owns CMS? you know who la...

bintulu's air is very polluted. not good for own stay

Property prices keep on increasing but rental does not increase at the same rate.

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Added on December 23, 2012, 12:19 pmBut forbinvestment it is very good. Double storey houses can now rent for 2500 and above. Acute shortage of housing in bintulu now

This post has been edited by charlieboy61: Dec 23 2012, 12:19 PM

Hi, anyone knows the current price of houses in Samarahan area, around Unimas or Heart Hospital side? Is it still overpriced? Are there any new housing area being developed that area? Thanks in advance.

I heard from many people describing the valuation there is overwhelmed, whereby the prices of some of the properties there are high above market price.

In Kuching, many of the properties are sold at a higher price compared to the market price..

There is a high-end housing project coming soon at that area..

Kuching is a lovely place to stay but not for investment. Cap appreciation is slow n rental yield is damn low no matter landed or high rise. Not really worth for west malaysian to invest property here. If really wanna invest in kuching probably commercial like shophouse is relatively better rental yield. U may be shocked to know dat almost all are leasehold n most of it only 60 yrs. Hard to find even 99 yrs title.. ; (

If one has some cash in hand say RM 100-500k (some area is still relatively cheap), one is better off in buying land in Sarawak (for sarawakian). Be it 1 acre or 10 acres. Dont say no cash lah... One go buy a RM 600k semi-D one also need RM 60k cash lah... Or RM 1 mil shoplot with RM 150-200k downpayment.

Since the development power is there, one land will appreciate in a faster rate and return of investment is big. Especially if one decide to go for JV option with developer.

A close friend bought RM 3mil vacant land at sub-urban area in Sibu (around 6 acres @ around RM 500k per acre). Reputable developer offer 2 units of shoplot per acre which it total up to be 12 units. Estimate pre-launch price for the shoplot is RM1mil+. Thats minimum RM 12mil guaranteed return. However, he end up rejecting the offer because the offer was too low.

Let scale it down to much smaller scale. RM 300k for 6 acres @ RM 50k per acre (possible to purchase this price at Sibu, Kemuyang area). Contra 1 unit of single-storey terrace @ RM 150k (worst case scenario). Add up to be RM 900k worth.

Even with RM 50-100k, one can own a small piece of land and start from there.

Edit:
Of course this is another type of strategy in accumulating wealth, not saying that it suit everyones appetite.

This post has been edited by edyek: Jul 27 2013, 01:02 PM

Haha gd advise fr "king of land" ; p edyek kor mind to share more views on land strategy? If u hav 300k cash, would u prefer to buy off one small piece of land or buy a bigger piece of land w bank loan? Tx

Boss, I would not get loan for land unless I can make something happen on the land in a short time frame (e.g. development or build a warehouse to rent). If I decide to hold it for long term, I would purchase smaller piece without bank loan.

First reason being the bank interest. Secondly, most vacant land does not generate income (meaning I have to come up with other income to pay the instalment. Which I dont think is a fair game comparing to building property which generate income while leveraging on banks money).

any singaporean interested to team up with kuchinger for real estate investment, please pm me

Yape, i agree with you..

If looking at the point of investment, might as well but land...

The price of the landed properties are so peak here.. really out of mind to buy a RM900,000 semi detached with walled up area of 2,100 sq ft for investment..

Land is still the best in such situation.. Easy to maintain, and better potential..

If you are planning to get some rental yield, better that you buy an apartment then rent out..

Your rental yield shrinks when you buy a higher-price property..

For example, if you buy a double terrace at a price of RM500,000, you rented out for RM1,200 per month, at the end of the year, you only get back RM14,400 (3% yield only per annum).

But if you buy an apartment at RM80,000, you rented out for RM400 per month, at the end of the year, you get back RM4,800 (6% rental yield per annum).

All example is meant for situations where the location is still not bad..

Sometimes it is better not to look at the summation of total RM you can get, but based on the Rental Yield..

I have a better property internationally known. Can introduce you if locals. PM me.

can ppl from west malaysia buy property in east malaysia?

if can buy, is there any restriction in selling it?

i heard, we can only buy from east malaysians.

and we can only sell to east malaysians.

that means, west malaysians can only deal with east malaysians.

we cannot deal with west malaysians.

can any forummers help?

As long as the land comes with Mixed Zone Title (Sarawak) or Country/Provisional/Town Lease Title (Sabah), it is fine. It can be bought and sold by West Malaysian. Freely trade among all even for foreigner (with conditions attached).

Usually there is no restriction unless the land title conditions stated otherwise. If you are targeting building property, most of the time it has no restriction.

*Other than the above mentioned title, Native Title and NCR are not trade-able unless one is born in the said state holding bumi status.

This post has been edited by edyek: Jan 27 2015, 03:39 PM

It must be a mixed zone area..

West Malaysians or East Malaysians can invest too!

PM me for more information. It's anywhere and I'm offering overseas property that's affordable. Interested, just PM me. Limited PERIOD ONLY!!! It's a good chance.

I'm a film maker and I did a real estate documentary on Sabah. Just sharing my work out to a wider audience: http://youtu.be/Q4WBUfAS8Rc

If u like my videos, be sure to subscribe to my Youtube channel. For real estate video making business inquires, you may find my email on my videos.

I have decades of experience in Sarawak property, specifically Kuching. Let me know if anyone has any queries, would be more than glad to help.

is it easy WMsian to get work/residence permit in E Msia? How?
if not how long Wmsian can per stay in E msia ?

hi can tell more..? maybe i wanna buy house in 3-4 year...
i'm from malacca already work here 3 years... so i have question, how i can know that is mixed zone?

easily if you work as federal government servant like me
yes, you need permit..
if you have dokument terhad you can stay as long you like but must have permit
if you come here and only have slip you can stay 3 month max but you can extend it at emigration office at simpang tiga

This post has been edited by apisfires: Apr 15 2016, 08:25 AM

how i can check mixed zone title?

U need to go land and survey perform land search..

but actually it is stated in the land title..

So need meet with land office? Oh i see...

You need to go to the Clares section at land office to buy print out title..

HI Guys,

Just want an update, interested in investing in KK.
However, i am from West Malaysia, and wodnering if the rules are still the same with regards to buying property there?

Also wondering what projects are up for sale there right now, that are available to West Malaysians?

not sure if you are still keen on this... but here's a reply.
The rules of loan is the same as most bank still need KL HQ approval. As for the purchase of property, as long as it's not Land purchase, then it should be the same.

Projects will depend on your preference and budget. if you are keen to know more, feel free to PM me or just reply in the thread.

Thank you