Midas Residences
Midas Residences | Sungai Merah, Sibu, Sarawak | Double Storey Terrace
In short
Midas Residences is a landed property in Sibu, Sarawak by Tang Yu Chiang Construction. The development holds 58 units, 2 storeys, 3+1 bedroom layouts, built-ups of 1,900 sq ft. The land is leasehold, completion is set for 2025.
About Midas Residences
Midas Residences is being built in Sibu, Sarawak. The layout comes to 58 homes, 2 floors.
There is 1 layout on offer covering 3+1 bedrooms.
Midas Residences is developed by Tang Yu Chiang Construction on leasehold land. The land usage is classified as residential.
Set out plainly, it comes to 2 storeys, a residential land title.
Unit types
Get the floor plans →Midas Residences is released in 1 layout.
| Layout | Rooms | Size |
|---|---|---|
| Double Storey Terrace | 3+1 bed · 4 bath | 1,900 sq ft |
Floor plans
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Gallery
12 artist impressions
Why buyers take it
Completion set for 2025. A published target gives the liquidated damages clause in the sale and purchase agreement something to bite on. Ask for the date in the agreement, which is the one that counts.
19 facilities on the shared levels. Shared facilities are paid for through the monthly charge whether or not you use them — worth reading the full list below and deciding which ones you actually want.
Held on a residential title. Assessment and utility tariffs follow the residential schedule rather than the commercial one. On a monthly bill that gap is real, and a lot of new stock cannot offer it.
Landed, so the land is yours. No share unit, no strata maintenance formula and no management corporation deciding what happens to the building. What you maintain is your own, and what you own includes the ground under it.
Why some walk away
Leasehold. The lease runs down, extending it costs money, and a sale needs state consent, which takes time. Ask for the remaining term in writing — it matters more to a bank than to a brochure.
One built-up, repeated. Every home is about 1,900 sq ft. That narrows who the building suits, and at resale you are competing with neighbours selling the identical thing.
It is not built yet. What you are buying is a drawing and a delivery date. Completion is set for 2025, and dates set by developers move. Read the sale and purchase agreement on the liquidated damages clause, not the brochure.
Landed stock is priced on the land, not the built-up. Two houses with the same floor area on different lot widths are not the same purchase. Get the lot dimensions in writing and compare those, not the square footage in the brochure.
No indicative price is published for this project. Without one you cannot compare it against anything else in Sibu on a per-square-foot basis. Ask for the current price list by layout and floor band, not a single 'from' figure.
Our take
What sort of household is Midas Residences right for?
Midas Residences, Sungai Merah in Sibu, suits a family wanting three upstairs bedrooms and one more room on the ground floor, where the study is next to the downstairs bathroom. The 58 houses all follow a single plan of roughly 1,900 sq ft with a 7.5 m frontage, so the lot is the real choice. We would take a corner lot.
- Why a corner lot
- The corner house as drawn gets a 3,000 mm garden at the side, running past the living room and dining area, with windows on that flank for both rooms and a door out from the dining area. Intermediate houses give the dining area no outside wall.
- Pick differently if
- An intermediate lot keeps the 3+1 layout and four bathrooms, with no side garden to maintain.
- Check before you book
- The plan marks the corner lot's side as a 3,000 mm garden then another 3,026 mm strip. Find out how much of that falls within the lot's title before choosing.
Shall we mark the Midas Residences corner lots on the site plan for you? Ask us on WhatsApp →
By the MyPropertyHub team · Our view, based on the developer's brochure plan and spec sheet.
Project details
| Handover | 2025 |
|---|---|
| Title | Leasehold · Residential |
| Building | Landed Property |
| Homes | 58 |
| Storeys | 2 |
| Address | Sibu, Sibu, Sarawak |
| Built by | Tang Yu Chiang Construction |
Facilities
Midas Residences carries 19 facilities on the shared levels with 1.8 m plastered brick boundary wall (External), 18 lighting points, 11 power points and 2 air-conditioner points (Services), 600 mm porcelain tiles to living and dining (Finishes), Aluminium sliding windows with tinted glass (Finishes), Colour Bond metal roof (External). The full list is set out below.
Location
Midas Residences is in Sibu, Sarawak at Sibu, Sibu, Sarawak.
What sits around Midas Residences matters as much as what is inside it. Close by are Sibu Airport (~23 km), Jalan Ling Kai Cheng, Sibu Hospital, Sibu town centre and SJK Nang Sang. A further 3 are listed below.
- ~23 km · Sibu Airport
- Jalan Ling Kai Cheng
- Sibu Hospital
- Sibu town centre
- SJK Nang Sang
- SMK Ulu Sungai Merah
- Sungai Merah town
- Ulu Sungai Merah commercial centre
Developer: Tang Yu Chiang Construction
Midas Residences, answered
What is the land tenure of Midas Residences?
Leasehold — Midas Residences sits on a residential land title.
Which layouts and sizes does Midas Residences come in?
1 layout: 1,900 sq ft (Type Double Storey Terrace).
How many homes are there in Midas Residences?
58 homes over 2 storeys.
When is Midas Residences due to complete?
The developer's target is 2025. Handover can move with construction progress, so check the date in the SPA.
Which developer is behind Midas Residences?
It is a Tang Yu Chiang Construction project.
What is the address of Midas Residences?
The address on record is Sibu, Sibu, Sarawak.
How do I get the floor plans for Midas Residences?
Ask on WhatsApp. We send every floor plan for Midas Residences with the developer's current price list and the units still open, at no cost to you.
Something here not answered?Ask about Midas Residences on WhatsApp →
Guides worth reading before you decide
Six states, thirteen projects, and one developer behind four of them
The thirteen projects in the six states with no cluster at all.
Freehold vs leasehold, and what it changes for you
Leasehold. The remaining term, not the label, is the number that matters.
What to ask before you pay the booking fee
The checklist to take into the sales gallery.
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Floor plans, current price list, unit availability.
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