PEKAN BARU

Area Intelligence

2023

Median Price

RM 250,000

PSF: RM 156

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Residential PSF Trends

Median Price

RM 345,000

PSF: RM 149

Commercial PSF Trends

Median Price

RM 250,000

RM 156 PSF

PEKAN BARU in Hilir Perak, Perak recorded 7 subsale transactions in 2023, with a median price of RM 250K and a median price per square foot (PSF) of RM 156.

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 250K, with most transactions falling within a stable range of RM 245K to RM 499K, and a typical market range of RM 245K to RM 400K.

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

Price per square foot shows a median of RM 156, though individual units vary from RM 7 to RM 305 in the core range. The broader market spans RM 129.75 to RM 182.25, indicating diverse property characteristics. A wider spread (IQR: RM 52.50) and deviation (MAD: RM 149) indicate significant PSF variations, likely due to diverse property types or conditions.

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

OSM

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Transactions

7 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 976,000

LORONG 1

1,701 sqft • RM 574.00 PSF

Sep 2023

RM 250,000

LORONG BERLIAN 3

1,760 sqft • RM 142.00 PSF

Jul 2023

RM 440,000

JALAN.PADANG TEMBAK

3,800 sqft • RM 116.00 PSF

May 2023

RM 250,000

JALAN PADANG TEMBAK

1,604 sqft • RM 156.00 PSF

May 2023

RM 245,000

LORONG EMAS L2/16

1,604 sqft • RM 153.00 PSF

May 2023

RM 250,000

LORONG EMAS L 2/21

1,604 sqft • RM 156.00 PSF

Apr 2023

RM 500,000

PEKAN BARU

2,799 sqft • RM 179.00 PSF

Feb 2023

Road	Price	Land PSF	Land	Date	Type
LORONG 1	RM 976,000	RM 574.00	1,701 sqft	Sep 2023	3-Storey Shop
LORONG BERLIAN 3	RM 250,000	RM 142.00	1,760 sqft	Jul 2023	Single Storey Terraced
JALAN.PADANG TEMBAK	RM 440,000	RM 116.00	3,800 sqft	May 2023	Single Storey Semi-D
JALAN PADANG TEMBAK	RM 250,000	RM 156.00	1,604 sqft	May 2023	Double Storey Shop
LORONG EMAS L2/16	RM 245,000	RM 153.00	1,604 sqft	May 2023	Double Storey Shop
LORONG EMAS L 2/21	RM 250,000	RM 156.00	1,604 sqft	Apr 2023	Single Storey Terraced
PEKAN BARU	RM 500,000	RM 179.00	2,799 sqft	Feb 2023	Single Storey Semi-D