Capital Commercial Park is an innovative and strategically located commercial development in Miri, Sarawak, designed to meet the growing demands of entrepreneurs and investors.

Spanning 28 acres, this mixed-use project features a range of 3-storey shophouses, offering flexible spaces for various business ventures.

With its prime location along the Pan Borneo Highway, Capital Commercial Park is set to become a regional hub for commerce and trade, making it an attractive investment opportunity.

Features

Land Area: 28 acres, providing ample space for diverse commercial activities.
Unit Availability: Phase 1 and Phase 2 each feature 21 units of 3-storey shophouses.
Built-Up Sizes: Units range from 1,200 sqft to 1,620 sqft, with dimensions of 20ft x 60ft, 24ft x 60ft, and 27ft x 60ft.
Selling Price Range: Competitive pricing starting from RM1,250,000 to RM1,650,000.
Leasehold Title: 60-year leasehold title with a commercial designation.
Expected Completion: Q1 2025, allowing investors to plan their business launches effectively.
Strategic Location: Situated along the Pan Borneo Highway, ensuring excellent connectivity to Sarawak, Sabah, and Brunei.
Surrounding Amenities: Located near mature residential and industrial areas, enhancing foot traffic and visibility.
Future Developments: Planned amenities include a PETRONAS petrol station, a drive-thru fast food outlet, a boutique hotel, and the Everwin Warehouse open concept store.

Project Details

Size Land Area: 28 acre
Phase 1
Unit: 21 unit
Property Type: 3-Storey Shop House
Built up Size : 1 , 200 sqft, 1,440sqft, 1,620 sqft / 20ft X 60ft / 24ft X 60ft/ 27ft x 60ft
Selling Price Range : RM 1,250,000 RM 1,650,000

Phase 2
Unit: 21 unit
Property Type: 3-Storey Shop House
Built up Size : 1 , 200 sqft, 1,440sqft, 1,620 sqft / 20ft X 60ft / 24ft X 60ft/ 27ft x 60ft
Land Type: Leasehold, 60 years
Land Title: Commercial Title
Expected completion year: Q1 2025

Layout

1. Type A

Only 14 units
Directly visible from the Pan Borneo Highway route
Contemporary architectural design featuring brick veneer
Strategic & organised area for businesses signage with good visibility
Ample car park spaces
Full height window formats to maximise store display

2. Type B

Only 28 units
Good sized frontage and built-up
Ample frontage and a well-built structure make this an excellent
investment opportunity!
Perfect for boutique cafes, launderettes, cosy studios, and oces
Located opposite the anchor tenant, serves as a strategic and potential
customer magnet

Video Credit: Amfield Construction

Sub-Sale Market Analysis

1. Transaction Prices

A) Boulevard Commercial Center

The Boulevard Commercial Center is one of Miri’s well-known commercial districts.

Recent trends in transaction prices indicate a stable market:

Transaction Prices: The typical selling price for commercial units in Boulevard ranges from RM1,800,000 to RM2,800,000, depending on size and location. For example, a prime retail space of approximately 2,000 sqft may sell for around RM2,200,000.

B) Eastwood Valley

Eastwood Valley is a popular mixed-use area that attracts both residential and commercial investments:

Transaction Prices: In this area, sub-sale prices for commercial properties have been observed between RM1,500,000 and RM2,400,000. For instance, a 1,500 sqft shophouse might be listed around RM1,950,000.

C) Riam Commercial Area

As an emerging hub, the Riam Commercial Area has garnered attention from new businesses:

Transaction Prices: The sub-sale price for commercial units ranges from RM1,200,000 to RM1,900,000. A newly developed unit with a size of 1,300 sqft may command around RM1,600,000.

2. Rental Prices

A) Boulevard Commercial Center

The rental market remains strong in Boulevard Commercial Center due to its established reputation:

Rental Rates: Rental prices typically range from RM5.00 to RM9.00 per square foot per month. For example, a 2,000 sqft unit could generate monthly rental income between RM10,000 to RM18,000.

B) Eastwood Valley

In Eastwood Valley, rental prices reflect the area’s appeal and mixed-use nature:

Rental Rates: Average rental prices are around RM4.50 to RM7.50 per square foot per month. A 1,500 sqft unit may yield monthly rentals between RM6,750 and RM11,250.

C) Riam Commercial Area

Riam’s growing popularity has started to influence rental prices positively:

Rental Rates: Current rental prices are in the range of RM4.00 to RM6.00 per square foot per month. For instance, a 1,300 sqft unit could rent for approximately RM5,200 monthly.