PEKAN BARU

Area Intelligence

2022

Median Price

RM 387,500

PSF: RM 160

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Residential PSF Trends

Median Price

RM 320,000

PSF: RM 114

Commercial PSF Trends

Median Price

RM 620,000

RM 430 PSF

PEKAN BARU in Hilir Perak, Perak recorded 12 subsale transactions in 2022, with a median price of RM 388K and a median price per square foot (PSF) of RM 160.

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 388K, with most transactions falling within a stable range of RM 348K to RM 280K, and a typical market range of RM 238K to RM 280K.

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

The median PSF stands at RM 160, with core pricing between RM 135 and RM 184. Market pricing typically extends from RM 133.25 to RM 185.75, reflecting moderate variation in unit pricing. The spread of RM 52.50 (IQR) and deviation of RM 24 (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.

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PEKAN BARU, Hilir Perak, Perak

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Transactions

4 transactions grouped by size

Popular Ranges

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

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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

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Road	Price	Land PSF	Land	Date	Type

1,600 sqft

RM 250,000

PEKAN BARU

1,604 sqft · RM 156 PSF

Dec 2022

RM 180,000

LORONG EMAS L2/22

1,604 sqft · RM 112 PSF

Sep 2022

RM 270,000

LORONG EMAS L2/23

1,604 sqft · RM 168 PSF

Apr 2022

RM 280,000

PEKAN BARU

1,604 sqft · RM 175 PSF

Jan 2022

PEKAN BARU	RM 250,000	RM 156	1,604 sqft	Dec 2022	Double Storey Shop
LORONG EMAS L2/22	RM 180,000	RM 112	1,604 sqft	Sep 2022	Single Storey Terraced
LORONG EMAS L2/23	RM 270,000	RM 168	1,604 sqft	Apr 2022	Single Storey Terraced
PEKAN BARU	RM 280,000	RM 175	1,604 sqft	Jan 2022	Double Storey Shop