Krokop is a dynamic and evolving residential area situated in the heart of Miri, Sarawak.

Known for its strategic location and vibrant community, Krokop offers a blend of modern living and traditional charm. With a range of property types, including semi-detached, terraced, and detached homes, it caters to diverse lifestyle needs.

Residents enjoy convenient access to urban amenities, making Krokop a preferred choice for families, professionals, and investors alike.

The neighborhood’s ongoing development and infrastructural enhancements have further cemented its reputation as a promising real estate destination.

Features

Prime Location: Krokop is strategically located near Miri’s city center, providing residents with easy access to key commercial areas, business districts, and public transportation networks.
Diverse Property Options: The neighborhood boasts a wide array of housing options, including semi-detached and terraced homes, catering to various budgets and preferences. Property sizes range from 130 sq.m to over 200 sq.m, offering flexibility to meet different space requirements.
Modern Amenities: Residents of Krokop benefit from proximity to a variety of amenities such as shopping centers, supermarkets, healthcare facilities, and educational institutions. This ensures a convenient and comfortable lifestyle.
Community-Oriented Living: Krokop fosters a tight-knit community atmosphere with well-maintained public spaces and regular community events. The neighborhood’s active residents’ associations contribute to a strong sense of belonging and community spirit.
Robust Infrastructure: The area is supported by comprehensive infrastructure, including well-maintained roads and reliable public utilities. Ongoing improvements continue to enhance connectivity and accessibility within the neighborhood.
Investment Potential: With rising property values and strong rental demand, Krokop presents lucrative opportunities for both long-term investments and rental income generation. Its appeal to a broad demographic ensures sustained interest from investors.
Scenic Environment: Krokop is characterized by its blend of urban convenience and natural beauty. The presence of parks and green spaces adds to the neighborhood’s attractiveness, offering recreational opportunities for residents.

Sub-Sale Market Analysis

1. Transaction Prices

Krokop has seen a diverse range of transaction prices due to its variety of property types.

Based on recent data:

Semi-Detached Houses: These properties have been selling between RM480,000 and RM800,000. For instance, a semi-detached house on Krokop 2 was transacted at RM550,000 in December 2021, while another on Krokop 6 fetched RM800,000 in April 2023.
Terraced Houses: Prices for terraced houses range from RM368,000 to RM480,000. A terraced house transaction on Jalan Chin Syn Yu in Krokop 3 was recorded at RM430,000 in April 2022.
Detached Houses: Detached homes represent the higher end of the spectrum, with prices around RM770,000. A notable transaction occurred in October 2023 for a detached property on Lorong Lima Krokop.

These prices reflect the varying demand for different property types within the neighborhood and highlight Krokop’s appeal across multiple buyer profiles.

2. Rental Prices

The rental market in Krokop is robust, driven by its strategic location and comprehensive amenities.

Rental prices vary based on property size and condition:

Semi-Detached Houses: Monthly rents typically range from RM2,000 to RM3,500. These properties are popular among families seeking larger living spaces and convenient access to urban facilities.
Terraced Houses: These are often rented out for RM1,500 to RM2,500 per month. Terraced houses offer a more affordable option for young professionals and smaller families.
Detached Houses: Detached properties command higher rentals due to their size and exclusivity, with monthly rates often exceeding RM3,500.

The rental market’s strength is buoyed by Krokop’s proximity to commercial hubs and its well-established infrastructure.

3. Factors Influencing the Market

Several factors contribute to the dynamics of the sub-sale and rental markets in Krokop:

Location and Accessibility: Krokop’s proximity to Miri’s city center makes it an attractive location for both purchasers and renters seeking convenience and connectivity.
Infrastructure Development: Ongoing infrastructure improvements, such as road expansions and public transport enhancements, continue to bolster the area’s desirability.
Community Appeal: The neighborhood’s vibrant community life and family-friendly environment enhance its attractiveness to residents looking for a supportive and engaging place to live.
Economic Growth: Miri’s economic development positively impacts Krokop by increasing employment opportunities and attracting a diverse population looking for housing solutions in strategic locations.
Property Variety: The availability of different property types caters to a broad range of budgets and preferences, which helps maintain a healthy demand across the sub-sale and rental markets.

Comparative Analysis: Krokop vs. Nearby Areas in Miri

Feature	Krokop	Pujut	Luak Bay
Property Prices	Semi-Detached: RM480,000 – RM800,000 Terraced: RM368,000 – RM480,000 Detached: Around RM770,000	Semi-Detached: RM400,000 – RM650,000 Terraced: RM300,000 – RM450,000	Semi-Detached: RM600,000 – RM900,000 Detached: Exceeding RM1 million
Rental Prices	Semi-Detached: RM2,000 – RM3,500 Terraced: RM1,500 – RM2,500	Semi-Detached: RM1,800 – RM3,000 Terraced: RM1,200 – RM2,000	Semi-Detached: RM2,500 – RM4,000 Detached: Exceeding RM4,500
Accessibility	Excellent connectivity to city center with major roads and public transport	Good road networks but less public transport	Scenic coastal routes; further from city center
Amenities	Comprehensive amenities including shopping centers, schools, healthcare	Essential amenities available	Recreational and scenic beaches; longer commute for urban needs
Community Appeal	Balanced lifestyle with vibrant community life	Affordable housing and basic amenities	Luxurious lifestyle with a focus on leisure
Target Demographic	Families and professionals seeking urban convenience	Budget-conscious buyers	Individuals desiring luxury and coastal living

1. Property Prices

Krokop:

Semi-Detached Houses: RM480,000 – RM800,000
Terraced Houses: RM368,000 – RM480,000
Detached Houses: Around RM770,000

Nearby Areas (e.g., Pujut, Luak Bay):

Pujut: Known for its affordable housing options, Pujut offers semi-detached houses ranging from RM400,000 to RM650,000, and terraced houses from RM300,000 to RM450,000.
Luak Bay: More upscale than Pujut, Luak Bay features semi-detached homes from RM600,000 to RM900,000 and detached properties that can exceed RM1 million.

Analysis: Krokop’s pricing is competitive, particularly for semi-detached and terraced properties. It offers a balance between affordability and high-end options compared to Luak Bay’s premium pricing.

2. Rental Trends

Krokop:

Semi-Detached Houses: RM2,000 – RM3,500 per month
Terraced Houses: RM1,500 – RM2,500 per month

Nearby Areas:

Pujut: Rentals are generally lower, with semi-detached homes going for RM1,800 – RM3,000 monthly, and terraced houses around RM1,200 – RM2,000.
Luak Bay: Higher rental rates due to the area’s exclusivity; semi-detached homes range from RM2,500 – RM4,000, while detached houses can exceed RM4,500 monthly.

Analysis: Krokop provides a middle ground in terms of rental prices. It is more affordable than Luak Bay but slightly higher than Pujut due to its strategic location closer to the city center.

3. Accessibility and Connectivity

Krokop: Offers excellent connectivity due to its proximity to Miri’s city center. It is well-served by major roads and public transport routes.

Nearby Areas:

Pujut: Situated slightly further from the city center but still accessible. It offers good road networks but less public transport connectivity compared to Krokop.
Luak Bay: Located along the coast, it provides a scenic commute. However, it is further from the city center, which might increase travel times for daily commuters.

Analysis: Krokop stands out for its superior accessibility and proximity to Miri’s central business district, making it an ideal choice for those who prioritize convenience.

4. Amenities and Infrastructure

Krokop: Boasts a rich array of amenities including shopping centers, schools, healthcare facilities, and recreational areas. The infrastructure is well-developed with ongoing improvements.

Nearby Areas:

Pujut: Offers essential amenities but may lack some of the upscale shopping and dining options available in Krokop.
Luak Bay: Known for its recreational spaces and scenic beaches. However, it might require a longer commute for urban amenities found in the city center.

Analysis: Krokop’s comprehensive amenities provide an edge over nearby areas like Pujut. Luak Bay offers unique recreational opportunities but may fall short in urban conveniences.

5. Overall Appeal

Krokop: Appeals to families and professionals seeking a balanced lifestyle with access to both urban amenities and community-oriented living. Its diverse property options cater to various needs and budgets.

Nearby Areas:

Pujut: Attracts those looking for affordable housing within easy reach of basic amenities.
Luak Bay: Draws individuals desiring a more luxurious lifestyle with a focus on coastal living and leisure activities.

Analysis: Krokop strikes a balance between affordability and luxury compared to its neighbors. It is suitable for a wide demographic, offering both vibrant community life and convenient urban access.