Coastal Villa 2 South City Luak Bay Miri

Coastal Villa 2 is an exquisite residential development located in the serene and picturesque Luak Bay, Miri.

Spanning across 5.7 acres, this project consists of double-storey terrace houses and single-storey semi-detached homes designed to offer comfort, luxury, and a vibrant coastal lifestyle.

With a strategic position that combines tranquility with accessibility, Coastal Villa 2 is ideal for families and individuals seeking both relaxation and convenience.

Features

1. Diverse Housing Options

• Double Storey Terrace Homes:
  • Configuration: 4 Bedrooms, 4 Bathrooms
  • Land Size: Ranges from 4.7 to 12.2 points
  • Built-Up Area: Approximately 2,031 sq. ft.
• Single Storey Semi-Detached Homes:
  • Configurations Available: 3 Bedrooms or 4 Bedrooms with 2 Bathrooms
  • Land Size: Starting from 8.4 points
  • Spacious Car Porches: Designed to accommodate more than four vehicles

2. Prime Location

• Proximity to Beaches: Just a short drive to Esplanade Beach (3 minutes) and Tanjong Beach (5 minutes).
• Access to Amenities: Close to Miri Airport (5 minutes) and vibrant shopping and entertainment hubs such as Marina/Times Square (10 minutes).

3. Quality Construction

• Built with premium materials ensuring durability and sustainability.
• Thoughtful architectural design that maximizes space and natural light.

4. Lifestyle Benefits

• Embraces the coastal lifestyle with easy access to water sports, beach activities, and local dining options.
• Family-friendly environment with nearby reputable schools and educational institutions.

5. Investment Potential

• Attractive opportunity for homebuyers and investors, poised for capital appreciation and rental returns due to its desirable location and quality living experience.

Coastal Villa 2 encapsulates the essence of luxurious coastal living, making it an ideal choice for those looking to settle in a vibrant yet peaceful community.

FOR MORE INFO AND VIEWING
Danny Ho
0182412752 (Call/Whatsapp)
Whatsapp: https://wa.me/60182412752

Project Details

Project Size: 5.7 acre
Project Type: Double Storey Terrace, Single Storey Semi Detached
Units: 4 Corner 11 Intermediate, 45 Semi-D
Design: 3 Bedroom + 2 Bathroom, 4 Bedroom + 2 Bathroom, 4 Bedroom + 3 Bathroom
Land Size: 4.7 – 12.2 point
Build up Size: (24.6 + 9.8) x 55.7 ft, (24 + 9.6) x 44 ft, 23 x 44 ft
Land Type: Leasehold 60 years
Estimated completion date: 2nd Quarter 2025

Layout

Site Photo

3 Bedroom 2 Bathroom

4 Bedroom 2 Bathroom

FOR MORE INFO AND VIEWING
Danny Ho
0182412752 (Call/Whatsapp)
Whatsapp: https://wa.me/60182412752

Sub-Sale Market Analysis

1. Transaction Prices

In analyzing the transaction prices for properties within Coastal Villa 2 and similar developments in Miri, we can observe the following:

• Double Storey Terrace Homes:
  • Average Selling Price: RM 638,888 for standard units and RM 720,888 for corner units.
  • Recent transactions have shown that these homes typically sell within this price range, reflecting their spacious configurations and desirable location.
• Single Storey Semi-Detached Homes:
  • Average Selling Price: Starting from RM 616,888, with variations depending on size and specific location.
  • The market shows a strong demand for these homes, particularly among families looking for spacious living with easy access to local amenities.

Comparative analysis with similar properties in Miri indicates that Coastal Villa 2 offers competitive pricing, especially given its proximity to the coast and other essential facilities.

2. Rental Prices

The rental market for properties in Miri, specifically in areas close to Coastal Villa 2, remains robust. Here are some insights into current rental prices:

• Double Storey Terrace Homes:
  • Estimated Monthly Rental: RM 2,200 to RM 3,000 depending on size and condition.
  • These homes are popular among expatriates and families due to their spaciousness and proximity to schools and workplaces.
• Single Storey Semi-Detached Homes:
  • Estimated Monthly Rental: RM 1,800 to RM 2,500.
  • The demand for these units is steady, as they provide ample space and convenience for families.

3. Market Trends

• Increased Demand: The coastal lifestyle is becoming increasingly appealing due to its serene environment and recreational opportunities. This has led to an uptick in both transactions and rental inquiries in Luak Bay and surrounding areas.
• Investment Potential: Investors are recognizing the value in the sub-sale market due to competitive pricing and potential for capital appreciation. Properties like those at Coastal Villa 2 are positioned for long-term growth as Miri continues to develop.
• Consumer Preferences: There is a growing preference for properties that offer modern amenities and larger living spaces. This trend has influenced the design and features of new developments, including Coastal Villa 2 which caters to these demands.
• Economic Factors: Local economic growth and infrastructure improvements are positively impacting property values. As Miri’s economy expands, it is expected that property prices will continue to rise.

FOR MORE INFO AND VIEWING
Danny Ho
0182412752 (Call/Whatsapp)
Whatsapp: https://wa.me/60182412752