Taman Pantai Luak is an enchanting residential development located in the heart of Miri, Sarawak.

Known for its serene coastal setting, this neighborhood offers a perfect blend of tranquil living and modern conveniences. Residents enjoy proximity to Luak Beach, allowing for a lifestyle that embraces both relaxation and outdoor activities.

With its strategic location, Taman Pantai Luak provides easy access to essential services, educational institutions, and recreational facilities, making it a prime choice for those seeking a balanced and fulfilling lifestyle.

Features

Prime Coastal Location: Situated along the beautiful coastline of Miri, offering stunning sea views and easy access to Luak Beach.
Diverse Housing Options: Includes a variety of residential units such as terrace houses and semi-detached homes, catering to different family sizes and budgets.
Modern Amenities: Close proximity to supermarkets, healthcare centers, schools, and recreational facilities ensures convenience for all residents.
Excellent Connectivity: Well-connected to major roads and highways for easy commuting to Miri city center and surrounding areas.
Community Living: Vibrant community with regular events, promoting social interaction and a strong sense of belonging.
Sustainable Development: Emphasizes environmentally friendly practices with well-planned green spaces and infrastructure to preserve the natural beauty of the coastal area.
Investment Potential: Steady appreciation in property values makes it an attractive option for investors seeking long-term returns.
Active Lifestyle Opportunities: Proximity to the beach and public parks encourages outdoor activities such as jogging, cycling, and family picnics.

Subsale Market Analysis

1. Transaction Prices

Median Transaction Price: The median transaction price for Taman Pantai Luak is approximately RM 430,000 with a median price per square foot of RM 172.95[2].
Recent Transactions:
- Terraced Houses:
  - October 2023: A terraced house with a land area of 2,255.04 sq.ft and a built-up area of 1,196.95 sq.ft was sold for RM 390,000 at RM 173 per square foot[2].
  - April 2024: A terraced house with a land area of 2,255.04 sq.ft and a built-up area of 1,196.95 sq.ft was sold for RM 430,000 at RM 191 per square foot[2].
- Semi-Detached Houses:
  - October 2023: A semi-detached house with a land area of 4,005.25 sq.ft and a built-up area of 1,236.02 sq.ft was sold for RM 560,000 at RM 140 per square foot[2].
  - April 2024: A semi-detached house with a land area of 4,004.17 sq.ft and a built-up area of 1,236.02 sq.ft was sold for RM 590,000 at RM 147 per square foot[2].

2. Rental Prices

Rental Prices for Taman Pantai Luak are not directly provided in the sources for 2023. However, based on the rental market trends in Luak Bay, which is a nearby area, we can infer some insights:
- Apartments: Monthly rental rates typically range from RM 1,200 to RM 1,800[3].
- Semi-Detached Houses: Rentals can start from around RM 2,000 per month and may go up to RM 3,500 depending on factors like location and furnishings[3].
- Terrace Houses: Monthly rents typically range from RM 1,500 to RM 2,500 based on their size and condition[3].

3. Key Points

Taman Pantai Luak is a residential area in Miri, Sarawak, with a mix of terraced houses and semi-detached houses.
Transaction Prices have shown stability with a median price of RM 430,000 and a median price per square foot of RM 172.95.
Rental Prices in the nearby Luak Bay area provide a benchmark for Taman Pantai Luak, with apartments, semi-detached houses, and terraced houses offering a range of rental options.

Sources: