Land lots up to 90 acres in Kemunyang had been offered for sale recently in various local online marketplace. Reason? Unknown.
Freehold, non-swampy agricultural land parcels, with a short distance from Kemunyang new residential area are offered from a range of RM24,000 to RM39,000 per acre. With the property market nowadays, well, it's a fair price, considering that it might had escalated more than 150% from it's original price 10 years ago.
Movements from Sibu development have been in an alarmingly slow rate for the past few years, considering that Miri is now way ahead, with Bintulu shoving it's snout up on Sibu's back for these past few years waiting to overtake its city rankings. If the development rate continues, it will be at least another 20 years before you'll see some shophouses in Kemunyang, if and only if, the local government decide to deviate some of their plans alongside the road to Sibu airport towards Taman Kemunyang.
Not a bad piece of land anyway. Affordable, and potential future developments.
Well, it's a gamble anyway, and which part of property investments isn't?
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