Investment Property in Sibu

Investment Real Estate in Sibu

Sibu property investment can be a worthwhile venture if you are selective with the areas you choose to invest in. If not, you could find that your investment suffers due to low rental yields, dwindling demand, and slow property price growth in many parts of Sibu.

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Search Map of Sibu Investment Real Estate

Sibu (simplified Chinese: 诗巫; traditional Chinese: 詩巫; pinyin: Shīwū) is an inland city in the central region of Sarawak. It is the capital of Sibu District in Sibu Division, Sarawak, Malaysia. The city is located on the island of Borneo and covers an area of 129.5 square kilometres (50.0 sq mi). It is located at the confluence of the Rajang and Igan Rivers, some 60 kilometres from the South China Sea and approximately 191.5 kilometres (119 mi) north-east of the state capital Kuching. Sibu is mainly populated by people of Chinese descent, mainly from Fuzhou. Other ethnic groups such as Iban, Malay and Melanau are also present, but unlike other regions of Sarawak, they are not as significant. The town population as of 2010 is 162,676.

Sibu was founded by James Brooke in 1862 when he built a fort in the town to fend off attacks by the indigenous Dayak people. Following this, a small group of Chinese Hokkien people settled around the fort to carry out business activities safely in the town. In 1901, Wong Nai Siong led a large scale migration of 1,118 Foochow Chinese people from Fujian, China into Sibu. The first hospital in Sibu, as well as the Sibu bazaars, were built by the Brooke government. The Lau King Howe Hospital and a number of Methodist schools and churches were built in the 1930s. However, the town of Sibu was burnt to the ground twice, in 1889 and in 1928, but it was rebuilt after that. During the Japanese occupation of Sarawak, the Japanese installed a new Resident in Sibu in June 1942 and Sibu was renamed to “Sibu-shu” in August 1942. After the Japanese surrender in 1945, Sarawak was ceded to the British as a Crown Colony. This had caused dissatisfaction amongst young Melanau people in Sibu who were pro-independence. As a result, the second British Governor of Sarawak, Sir Duncan George Stewart, was assassinated by Rosli Dhoby when he visited Sibu in December 1949. Rosli was later hanged to death at Kuching Central Prison in 1950. Sibu and the Rajang basin also became the centre of communist activities from 1950, which continued even after the Sarawak independence in 1963. A Rajang Security Command (RASCOM) was then established to curb communist activities in the area. Communist insurgency in Sarawak was significantly impaired in 1973 and later ended in 1990. Sibu was upgraded to municipality status in 1981. The town received a royal visit in September 2001. The town is also a gateway to the Sarawak Corridor of Renewable Energy (SCORE) since 2008. In 2011, the 110th anniversary of Foochow settlement was celebrated in Sibu.

Sibu is the main tourist gateway to the Upper Rajang River, with its small riverine towns and its many Iban and Orang Ulu longhouses. Among notable landmarks in Sibu are Wisma Sanyan, the tallest building in Sarawak, Lanang Bridge (one of the longest river bridges in Sarawak) and the biggest town square in Malaysia, near Wisma Sanyan. The Lau King Howe Hospital Memorial Museum is the first and the only medical museum in Malaysia. Sibu Central Market is the biggest indoor market in Sarawak. Some tourists attractions in Sibu are the Sibu Heritage Centre, Tua Pek Kong Temple, Bawang Assan longhouses, Sibu Old Mosque, Jade Dragon Temple, Bukit Aup Jubilee Park, Bukit Lima Forest Park, Sibu Night Market, Borneo Cultural Festival (BCF), and Sibu International Dance Festival (SIDF). Timber and shipbuilding industries are the two major economic activities in Sibu.

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The financial stability of Sibu has translated into a real estate market that rewards forward planning and a willingness to look beyond areas of traditional affluence.

Buy to Rent in Sibu

Renting out your Sibu buy-to-rent investment property can grow wealth and income.

Whatever your goals with investment property in Sibuare – preparation is key.

Set goals based on how much rental yield will be required and the local rental yield rates in Sibu and be prepared to change your initial outlook.
Thoroughly research the Sibu location with a special emphasis on fringe areas outside the main Sibu metropolis that may be valued lower than their better-known neighbours. Rental yields of around 5% are still attainable in certain areas of Sibu.
Ensure that your target investment property in Sibu appeals to professionals. This is a demographic that ensures maximum income and low voids.
Finding and vetting suitable tenants is a job ideally left to the professionals. Working with an established letting agent such as Physis Realty with local knowledge and experience of property legislation will give you the best chance of success.
You may think that managing your Sibu properties yourself is an easy option, but are these savings justifiable when you run into Sibu red tape? Physis Realty Sibu office in downtown provides you with peace-of-mind and leaves you time to plan your next move in the growing Sibu buy-to-rent sector.

With our expert guidance, investing in Sibu provides the secure knowledge that your money is working harder than it would in a local Sibu bank and that future generations of your family will be left with substantial capital growth assets.

We are always happy to advise on buying investment property in Sibu, where we have been established for over 35+ years. Physis Realty has been a firm fixture in the Sibu property market through good times and bad. Our experts have seen it all and our portfolios continue to outperform.

Flipping Investment Property in Sibu

Flipping property in Sibu

Flipping property is when we advise clients to buy a Sibu property below market value, renovate it and then make a profit by selling it at a higher price, all within a few months, and often before the Sibu market has a time to react to the renovation.

The Flipping Strategy in Sibu

Investment property flipping in Sibu is a simple strategy. You find a property that is in need of renovation from our list and purchase it for a low price. These type of Sibu real estate investments are sometimes referred to by professionals as ‘distressed’ Sibu real estate.

What is distressed Sibu property:

Sibu property in need of renovation
Sibu real estate with a change of puropose and use
Oversold Sibu property
Bank repossessions in Sibu

Put simply, long term investors in Sibu purchase the property, renovate it and make it a lot more attractive to potential buyers.

Calculate profit that you make from Sibu investment property flipping:

Final Selling Price less Cost of Purchase less Costs = Profit

Here is an example:

Sibu property purchase price: $220,000

Renovation costs: $20,000

Other costs: $25,000

Property sale price: $400,000

Profit: $135,000

Experienced property developers in Sibu use a minimum profit value of 22% when looking at potential Sibu projects. The reason for this is because there are lots that can go wrong in Sibu property flipping and working on a potential margin of 22% should still leave a good margin of error.

Luxury Property in Sibu

For luxury property investors hoping to add a superb property in {AsainCity} to their luxury real estate investment portfolio, Physis Realty is a trusted partner.

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A world leader in luxury real estate with a portfolio comprising some of the most sought-after real estate in Sibu, Physis Realty caters particularly to high net-worth individuals and families in Asia. A luxury real estate investment in Sibu should be entrusted to only the highest-quality agency.

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