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 248K to RM 250K, and a typical market range of RM 245K to RM 250K.

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 156, with most transactions between RM 150 and RM 162. The usual range is RM 129.75 to RM 182.25, showing that most units are priced quite close to each other. With an IQR of RM 52.50 and MAD of RM 6, 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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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

JALAN PADANG TEMBAK

1,604 sqft · RM 156 PSF

May 2023

RM 245,000

LORONG EMAS L2/16

1,604 sqft · RM 153 PSF

May 2023

RM 250,000

LORONG EMAS L 2/21

1,604 sqft · RM 156 PSF

Apr 2023

JALAN PADANG TEMBAK	RM 250,000	RM 156	1,604 sqft	May 2023	Double Storey Shop
LORONG EMAS L2/16	RM 245,000	RM 153	1,604 sqft	May 2023	Double Storey Shop
LORONG EMAS L 2/21	RM 250,000	RM 156	1,604 sqft	Apr 2023	Single Storey Terraced