Taman Tunku Miri

Taman Tunku is a vibrant residential area located in Miri, Sarawak, known for its appealing blend of urban convenience and serene living.

This community offers a diverse range of property options, making it an excellent choice for families, first-time homebuyers, and investors.

With its strategic location, strong community spirit, and well-developed amenities, Taman Tunku stands out as a prime destination for anyone looking to settle in Miri.

https://www.youtube.com/watch?v=9pPcpB8Qm-E

Sub-Sale Market Analysis

1. Transaction Prices

Recent data indicates that the transaction prices for properties in Taman Tunku vary based on several factors, including the type of property, its location within the neighborhood, and overall market demand.

1. Single-Storey Terrace Houses:
   • Transaction prices for single-storey terrace houses typically range from RM240,000 to RM430,000. For example, recent transactions have recorded prices like RM295,000 for homes in Jalan Oya and RM320,000 for properties in Jalan Lintang 3.
   • The average transaction price for this category tends to be around RM300,000, making it an attractive option for first-time buyers and families.
2. Double-Storey Terrace Houses:
   • Prices for double-storey terrace houses are generally higher, with transactions ranging from RM350,000 to RM460,000. A notable transaction recorded RM418,000 for a property on Jalan Kuching.
   • The average price for double-storey homes is approximately RM400,000, reflecting the increased demand for more spacious living accommodations.
3. Low-Cost Homes:
   • The low-cost housing segment remains accessible for budget-conscious buyers, with transaction prices ranging from RM160,000 to RM280,000. For instance, houses in Lorong 12 have sold for around RM220,000.
   • The average transaction price in this category is about RM210,000, making it a viable option for first-time homeowners seeking affordability.

2. Rental Prices

The rental market in Taman Tunku is equally active, with a range of properties available for lease.

Rental prices fluctuate based on the type of property and its size.

1. Single-Storey Terrace Houses:
   • Monthly rental prices for single-storey terrace houses typically range from RM800 to RM1,200. For example, a few listings indicate rental rates around RM1,000 for well-maintained homes.
   • The average rental price in this category is approximately RM950, making it a reasonable option for families or individuals seeking long-term rentals.
2. Double-Storey Terrace Houses:
   • For double-storey terrace houses, rental prices usually range from RM1,200 to RM1,800 per month. A few properties have been listed at around RM1,500, appealing to larger families or those looking for more space.
   • The average rental price for double-storey homes is about RM1,400, which reflects their increased demand and larger living areas.
3. Low-Cost Homes:
   • Rentals for low-cost homes are generally lower, with prices ranging from RM600 to RM900 per month. Several listings indicate rentals around RM750.
   • The average rental price in this segment is approximately RM700, making these homes attractive for individuals or small families on a budget.

3. Market Trends and Insights

The sub-sale market in Taman Tunku has demonstrated resilience and growth potential:

• Increasing Demand: The rising transaction prices and steady rental rates indicate strong demand for housing in the area. As more people move to Miri for work or study opportunities, Taman Tunku is becoming an increasingly popular choice due to its accessibility and community amenities.
• Investment Opportunities: Investors are likely to find good returns on investment due to the upward trend in property values and stable rental income. The diverse range of properties available caters to different market segments, enhancing investment potential.
• Community Appeal: The strong community spirit and availability of amenities make Taman Tunku an attractive place to live. Families are particularly drawn to the area due to reputable schools and recreational spaces.

Comparative Analysis of Properties in Taman Tunku and Nearby Areas

https://www.youtube.com/watch?v=cFLR0uBqWQ0

1. Property Types and Features

• Taman Tunku: This area primarily features single-storey and double-storey terrace houses, as well as low-cost housing options. Properties generally range from 1,200 to 2,000 square feet, offering adequate living space for families. The community is known for its parks and recreational areas.
• Pujut: Similar to Taman Tunku, Pujut offers a mix of single-storey and double-storey terrace houses. However, it also includes semi-detached and bungalow options that appeal to buyers seeking more spacious accommodations. Properties here tend to be slightly larger, averaging 1,500 to 2,400 square feet.
• Desa Pujut: This area features a diverse range of properties, including terrace houses, semi-detached homes, and bungalows. The homes here are typically larger than those in Taman Tunku, with many properties exceeding 2,500 square feet.

2. Transaction Prices

• Taman Tunku:
  • Single-storey terrace houses range from RM240,000 to RM430,000.
  • Double-storey terrace houses typically sell between RM350,000 and RM460,000.
  • Low-cost homes are available from RM160,000 to RM280,000.
• Pujut:
  • Single-storey terrace houses generally range from RM280,000 to RM450,000.
  • Double-storey terrace houses are priced between RM380,000 and RM600,000.
  • Semi-detached homes usually start at RM500,000.
• Desa Pujut:
  • Terrace houses range from RM350,000 to RM500,000.
  • Semi-detached homes are priced around RM500,000 to RM750,000.
  • Bungalows can command prices starting at RM800,000.

3. Rental Prices

• Taman Tunku:
  • Single-storey terrace house rentals range from RM800 to RM1,200 per month.
  • Double-storey terrace houses typically rent for RM1,200 to RM1,800 per month.
  • Low-cost homes are available for rent between RM600 and RM900 monthly.
• Pujut:
  • Single-storey terrace house rentals usually range from RM900 to RM1,300 per month.
  • Double-storey terrace houses can rent for RM1,400 to RM2,000 per month.
• Desa Pujut:
  • Single-storey terrace house rentals are available from RM1,000 to RM1,500 per month.
  • Semi-detached homes generally rent for RM1,700 to RM2,500 monthly.

4. Amenities and Services

• Taman Tunku:
  • Well-equipped with local shops, healthcare facilities, schools, and parks. The community atmosphere is strong due to active local engagement.
• Pujut:
  • Features a variety of shopping centers and restaurants catering to residents. It also has access to schools and healthcare services but may lack some recreational spaces compared to Taman Tunku.
• Desa Pujut:
  • Offers a mix of local amenities such as schools and shops along with larger parks and recreational facilities suitable for families.

https://www.youtube.com/watch?v=Yrhzq1f8N6o

5. Overall Appeal

In summary, each of these neighborhoods has unique offerings:

• Taman Tunku is ideal for families seeking affordable options within a close-knit community environment. Its combination of amenities and property diversity makes it appealing for first-time homebuyers.
• Pujut stands out for its larger property options and modern amenities but may come with higher price points. It’s suitable for buyers looking for space and community services..
• Desa Pujut offers diversity in property types that cater to various preferences but often at higher price points. It’s great for those seeking larger homes in a family-friendly environment.