TAMAN PELANGI LANGKAP in Hilir Perak, Perak recorded 3 subsale transactions in 2023, with a median price of RM 270K and a median price per square foot (PSF) of RM 83.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 270K, with most transactions falling within a stable range of RM 203K to RM 337K, and a typical market range of RM 210K to RM 330K.
Most transactions involved 1 - 1 1/2 storey semi-detached, with moderate diversity in property types available.
The median PSF stands at RM 83, with core pricing between RM 70 and RM 96. Market pricing typically extends from RM 73.00 to RM 93.00, reflecting moderate variation in unit pricing. The spread of RM 20.00 (IQR) and deviation of RM 13 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
