Desa Indah Miri is a flourishing residential community situated in the vibrant city of Miri, Sarawak.

With its strategic location, modern amenities, and welcoming community spirit, Desa Indah is designed to provide a comfortable and fulfilling living experience.

Features

Diverse Housing Options: Choose from single-storey terrace houses, semi-detached homes, and two-and-a-half-storey terrace properties, catering to various budgets and preferences.
Affordable Prices: Properties range from RM250,000 to RM480,000, making it accessible for first-time homebuyers and investors seeking rental opportunities.
Convenient Location: Enjoy easy access to major roads and highways, facilitating travel to other parts of Sarawak and nearby urban centers.
Community Amenities: Benefit from proximity to supermarkets, schools, healthcare facilities, parks, and recreational areas, ensuring daily needs are met within the neighborhood.
Vibrant Community Life: Engage with friendly neighbors and participate in local events and celebrations that foster a strong sense of community.
Future Development Prospects: Take advantage of ongoing infrastructure improvements by the local government, which are expected to enhance property values over time.
Strong Rental Market: With a steady influx of new residents, investing in rental properties in Desa Indah offers promising returns on investment due to high demand.

Sub-Sale Market Analysis

1. Transaction Prices

The sub-sale market in Desa Indah showcases a range of property types with varying transaction prices.

Based on recent data, here are some highlights:

Single-Storey Terrace Houses: These properties typically see transaction prices ranging from RM250,000 to RM400,000. For instance, a single-storey terrace house sold for RM280,000 in November 2023, while another fetched RM360,000 in July 2023.
Semi-Detached Houses: These homes generally command higher prices due to their larger size and additional features. Recent transactions indicate prices between RM360,000 and RM480,000. A semi-detached unit sold for RM380,000 in January 2024, illustrating the growing demand for more spacious living options.
Two-and-a-Half-Storey Terrace Houses: This category has transaction prices that can reach up to RM400,000 or more. For example, a recently transacted two-and-a-half-storey terrace house was listed at RM390,000, reflecting the appeal of larger homes for families.

2. Rental Prices

The rental market in Desa Indah is equally dynamic, catering to both long-term residents and those looking for temporary accommodations.

The rental prices are influenced by the type of property and its location within the neighborhood:

Single-Storey Terrace Houses: Rental prices for these properties typically range from RM1,200 to RM1,800 per month. A well-maintained single-storey terrace house can command RM1,500 monthly, making it an attractive option for families.
Semi-Detached Houses: These homes usually offer higher rental yields, with prices ranging from RM1,800 to RM2,500 per month. The spacious design and additional amenities justify the higher rental rates.
Two-and-a-Half-Storey Terrace Houses: Rentals in this category can reach up to RM2,800 per month, depending on the property’s condition and location. For instance, a well-located two-and-a-half-storey terrace house might be listed at around RM2,500 monthly, appealing to larger families or professionals seeking ample living space.

3. Market Trends

The sub-sale market in Desa Indah is characterized by several key trends:

Increasing Demand: The combination of affordable pricing and a strong community atmosphere has led to an increase in demand for properties in this neighborhood. As Miri continues to grow as a regional hub, more individuals and families are seeking homes in Desa Indah.
Potential for Appreciation: With ongoing infrastructure developments and government initiatives to enhance the area, property values are expected to appreciate over time. Buyers are recognizing this potential and making investments accordingly.
Diverse Buyer Demographics: The range of available properties attracts various buyer profiles—from first-time homebuyers to seasoned investors looking for rental properties. This diversity contributes to a vibrant real estate market.