SPOTTED!

SPOTTED! Website: Mudah.my

Area: Miri

Price: RM680,000

Type: Double Storey Intermediate Shophouse

Tenure: Leasehold (60 Years)

Size: 3800 sq.ft.

Contact: Tan (013-8385505)

Expected for handover at the end of the year, the shophouses as in the picture, mentioned by the advertiser as "very near" to the 60% completed Permy Mall, also regarded as a "very good investment because Permyjaya is the largest residential area in Miri".

Size: FOOH!

Location: FOOH!  

Design: FOOH! 

Potential: FOOH!

4 FOOH!s shophouse, an investment of moderate risk.

PropertyFella's Verdict:

Over half a million for a lot of intermediate 2 storey shophouse, any people would have called you an idiot 5 years ago. But now? That's the market, believe it. An intermediate 3 storey shophouse is even selling at RM720K in Sibu prime area, with the corner lot fetching almost RM1.5 million, for the so-called big rental giants, the BANKS. Honestly speaking, the shophouses in Permyjaya isn't doing so good. Supply's higher than demand. Will Permymall work the magic? Let's hope so, since Merdeka Mall is dropping out of the contest.