Permyjaya is an emerging residential hub located in the vibrant city of Miri, Sarawak.

Known for its well-planned development and strategic location, Permyjaya offers a harmonious blend of modern living, community atmosphere, and natural surroundings.

As a prime choice for families, professionals, and retirees, Permyjaya is designed to cater to diverse lifestyle needs with its wide array of housing options, comprehensive amenities, and convenient connectivity.

Whether you’re seeking a new home or a promising investment opportunity, Permyjaya stands out as a desirable destination that promises a high quality of life.

Features

Strategic Location: Situated just a short drive from Miri’s city center, Permyjaya offers residents easy access to essential services and facilities, making it a convenient place to live without sacrificing tranquility.
Diverse Housing Options: Permyjaya provides an extensive range of housing choices, from spacious terrace and semi-detached houses to modern high-rise apartments, ensuring that there is something to suit every preference and budget.
Excellent Connectivity: Well-connected by a network of roads and highways, Permyjaya ensures smooth commuting to various parts of Miri and beyond, enhancing the overall convenience for its residents.
Comprehensive Amenities: The neighborhood boasts a variety of amenities, including educational institutions, healthcare centers, shopping malls, and recreational facilities, providing a well-rounded living experience for families and individuals alike.
Community Atmosphere: With its carefully planned layout and shared spaces, Permyjaya fosters a strong sense of community among its residents, encouraging active participation in social and recreational activities.
Affordable Living: Compared to other areas in Miri, Permyjaya offers relatively affordable housing options, making it an attractive choice for first-time homebuyers as well as seasoned investors.
Sustainable Development: Focused on sustainability, Permyjaya incorporates green spaces and parks within its development, promoting a healthy lifestyle and environmental consciousness among its residents.
Safety and Security: The neighborhood is designed with safety in mind, featuring well-lit streets and community watch programs to ensure a secure living environment for all residents.

Sub-Sale Market Analysis

1. Transaction Prices

Permyjaya offers a range of housing options with varying prices depending on the size and type of property.

Here are some typical transaction prices based on your data:

3-bedroom Houses:
- 900 sq ft: RM290,000
- 1,000 sq ft: RM300,000 (most popular layout)
- 1,400 sq ft: RM490,000 (highest price per square foot at RM350 psf)
4-bedroom Houses:
- 7,673 sq ft: RM840,000
5-bedroom Houses:
- 7,674 sq ft: RM770,000 (lowest price per square foot at RM100 psf)

The most popular choice is the 3-bedroom house with 1,000 square feet, priced at RM300,000. This price point reflects the median pricing for homes in this configuration.

The 3-bedroom, 1,400 sq ft house is the priciest per square foot, indicating a premium for larger living spaces that maintain a manageable footprint.

2. Recent Sale Listings

Recent listings in Bandar Baru Permyjaya highlight a variety of prices across different property types:

Terrace Houses: Range from RM240,000 to RM330,000
Semi-Detached Homes: Priced between RM460,000 and RM650,000
Apartments: Listed at around RM250,000

These variations indicate a robust market catering to different budget levels and preferences. The diversity in pricing also suggests a healthy demand across various property types.

3. Rental Prices

The rental market in Permyjaya is equally diverse, offering options from commercial rooms to residential properties.

Here are some recent rental listings:

Commercial Rooms: RM260 to RM500
Semi-Detached Houses (2,000 sq ft): RM1,480
Retail Spaces (1,000 sq ft): RM2,000

These figures suggest that rental prices are competitive, with options available for both personal and business needs.

The semi-detached houses offer a reasonable rental rate considering the space provided, making them attractive for families or groups.

4. Market Trends and Observations

Affordability and Range: Permyjaya is characterized by its affordability across various housing types. This range makes it appealing to a wide audience, from first-time buyers to investors seeking properties with growth potential.
Investment Potential: Lower price per square foot in larger homes indicates potential value appreciation. These properties may offer better returns over time as demand for spacious homes increases.
Rental Viability: The variety in rental offerings supports a dynamic market. The presence of schools and hospitals enhances its attractiveness for long-term residency and stable rental demand.
Growth Prospects: With its strategic location and comprehensive amenities, Permyjaya is well-positioned for continued growth. Ongoing development efforts are likely to sustain interest from both homebuyers and investors.