PEKAN BARU

Area Intelligence

2021

Median Price

RM 315,000

PSF: RM 143

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Residential PSF Trends

Median Price

RM 400,000

PSF: RM 143

Commercial PSF Trends

Median Price

RM 230,000

RM 143 PSF

PEKAN BARU in Hilir Perak, Perak recorded 2 subsale transactions in 2021, with a median price of RM 315K and a median price per square foot (PSF) of RM 143.

This area contains both residential and commercial properties. View 7 residential properties or 9 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 315K, with most transactions falling within a stable range of RM 230K to RM 400K, and a typical market range of RM 230K to RM 400K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.

For price per square foot, the median is RM 143, with most transactions between RM 143 and RM 143. The usual range is RM 116.75 to RM 169.25, showing that most units are priced quite close to each other. With an IQR of RM 52.50 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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PEKAN BARU, Hilir Perak, Perak

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