objective-c ARC readonly properties and private setter implementation

Prior to ARC, if I wanted a property to be readonly to using it but have it writeable within the class, I could do:

// Public declaration
@interface SomeClass : NSObject
    @property (nonatomic, retain, readonly) NSString *myProperty;
@end

// private interface declaration
@interface SomeClass()
- (void)setMyProperty:(NSString *)newValue;
@end

@implementation SomeClass

- (void)setMyProperty:(NSString *)newValue
{ 
   if (myProperty != newValue) {
      [myProperty release];
      myProperty = [newValue retain];
   }
}
- (void)doSomethingPrivate
{
    [self setMyProperty:@"some value that only this class can set"];
}
@end

With ARC, if I wanted to override setMyProperty, you can't use retain/release keywords anymore so is this adequate and correct?

// interface declaration:
@property (nonatomic, strong, readonly) NSString *myProperty;

// Setter override
- (void)setMyProperty:(NSString *)newValue
{ 
   if (myProperty != newValue) {
      myProperty = newValue;
   }
}