Senadin Miri

Senadin Residential Properties in Miri, Sarawak, offer an exceptional living experience within a vibrant and growing community.

Nestled strategically within the bustling city of Miri, Senadin has become a sought-after location for homebuyers seeking modern yet affordable housing solutions.

With its well-planned infrastructure and comprehensive range of amenities, Senadin provides an ideal setting for families, professionals, and investors alike.

Features

• Diverse Housing Options
  Senadin offers a variety of residential properties to suit different preferences and budgets. From modern terrace houses and semi-detached homes to spacious bungalows, there is a home for everyone in this thriving community.
• Strategic Location
  Located within close proximity to key areas in Miri, Senadin provides convenient access to commercial hubs, educational institutions, healthcare facilities, and recreational amenities. This strategic location ensures that residents can enjoy a self-sufficient lifestyle without the need for long commutes.
• Comprehensive Amenities
  The community boasts a wide array of amenities, including shopping centers, supermarkets, schools, clinics, parks, and sports complexes. These facilities cater to the everyday needs of residents, enhancing their overall quality of life.
• Family-Friendly Environment
  Senadin is designed with families in mind, offering safe and welcoming neighborhoods with ample recreational spaces for children. The presence of quality educational institutions further adds to its appeal as a family-friendly community.
• Investment Potential
  With ongoing development and infrastructure improvements, Senadin presents a promising investment opportunity. The steady demand for housing in the area makes it an attractive option for both homebuyers looking for long-term residence and investors seeking profitable ventures.

Sub-Sale Market Analysis 

1. Transaction Prices

• Terrace Houses: In areas like Senadin, Miri, the transaction prices for terrace houses generally range from RM 350,000 to RM 600,000. For example, in Desa Senadin Phase 2, the median transacted price is RM 370,000 with a median price per square foot (psf) of RM 144.85[1][3].
• Semi-Detached Homes: These properties typically range from RM 600,000 to RM 1 million. For instance, a semi-detached house in Desa Senadin Phase 2 was transacted at RM 430,000 with a price psf of RM 118[1][3].

2. Rental Prices

• Terrace Houses: Monthly rental rates for terrace houses in Senadin, Miri, generally fall between RM 1,500 to RM 2,500. For example, a single-storey terraced house in Senadin Phase 2-3 is available for rent at a price that fits within this range[2][3].
• Apartments/Condos: Rental prices for modern apartments and condominiums in Miri typically start around RM 1,200 and can go up to RM 2,800 for premium units with amenities. However, specific rental prices for apartments in Senadin are not detailed in the provided sources but can be inferred to follow similar trends[2][3].

3. Key Factors Influencing Prices

• Economic Growth: Miri’s economy, bolstered by the oil and gas industry, attracts expatriates and increases demand for quality housing, influencing both transaction and rental prices[3].
• Urbanization and Development: New amenities such as shopping centers, schools, and recreational facilities enhance property values. Areas undergoing significant development typically see increased interest from buyers and renters alike[3].
• Demand vs. Supply: The balance between demand and supply in the sub-sale market also plays a crucial role in determining prices. Areas with high demand and limited supply tend to have higher transaction and rental prices[3].

Sources:

• [1] www.propertygenie.com.my
• [2] www.propsocial.my
• [3] rentkl.com.my
• [4] www.propertyguru.com.my
• [5] www.iproperty.com.my

Comparative analysis of properties in Senadin, Miri

Comparative Analysis of Senadin and Nearby Properties

1. Transaction Prices

Senadin Properties:

• Desa Senadin Phase 2:
  • Median Transaction Price: RM 370,000
  • Median Price per Square Foot (PSF): RM 144.85
  • YoY Change: 34.55% increase in median price[1].

Nearby Properties:

• Permy Jaya:
  • Similar property types in Permy Jaya may range from RM 320,000 to RM 450,000.
  • Offers competitive pricing due to similar residential setups and amenities.
• Riam:
  • Properties often range from RM 350,000 to RM 500,000.
  • Slightly more expensive due to proximity to educational institutions and commercial centers.

2. Rental Prices

Senadin Properties:

• Typical rental prices range from RM 1,500 to RM 2,500 for terrace houses.
• Single-storey terraced houses might rent for around RM 1,390 to RM 1,800 per month[2][3].

Nearby Properties:

• Permy Jaya:
  • Rental ranges from RM 1,200 to RM 2,200 depending on the property type and size.
  • Generally more affordable than Senadin due to its slightly less central location.
• Riam:
  • Rentals typically range from RM 1,500 to RM 3,000.
  • Higher rent due to demand from students and professionals working in nearby industries.

3. Market Dynamics

Senadin:

• Growth Factors: Driven by proximity to Curtin University and accessible infrastructure.
• Demand Drivers: Increasing due to economic activities and educational facilities attracting students and expatriates.

Nearby Areas:

• Permy Jaya:
  • Primarily a residential area with ongoing developments which keep housing demand stable.
  • Popular among local families due to community-focused amenities.
• Riam:
  • Influenced heavily by educational institutions and its strategic position near commercial hubs.
  • Attracts both local and foreign tenants looking for convenience and accessibility.