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.

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 160, with most transactions between RM 160 and RM 160. The usual range is RM 133.25 to RM 185.75, 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. 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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