PEKAN BARU

Area Intelligence

2022

Median Price

RM 280,000

PSF: RM 175

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Residential PSF Trends

Median Price

RM 225,000

PSF: RM 140

Commercial PSF Trends

Median Price

RM 620,000

RM 430 PSF

PEKAN BARU in Hilir Perak, Perak recorded 7 subsale transactions in 2022, with a median price of RM 280K and a median price per square foot (PSF) of RM 175.

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 280K, with most transactions falling within a stable range of RM 180K to RM 495K, and a typical market range of RM 180K to RM 430K.

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 175, though individual units vary from RM 18 to RM 332 in the core range. The broader market spans RM 148.75 to RM 201.25, indicating diverse property characteristics. A wider spread (IQR: RM 52.50) and deviation (MAD: RM 157) 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

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Transactions

7 transactions grouped by size

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)

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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

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

1,450 sqft

3-Storey Shop

1,450 sqft

3-Storey Shop

RM 700,000

LORONG 1

1,442 sqft · RM 485 PSF

Jun 2022

RM 700,000

LORONG 1

1,442 sqft · RM 485 PSF

May 2022

RM 620,000

LORONG 1

1,442 sqft · RM 430 PSF

Mar 2022

LORONG 1	RM 700,000	RM 485	1,442 sqft	Jun 2022
LORONG 1	RM 700,000	RM 485	1,442 sqft	May 2022
LORONG 1	RM 620,000	RM 430	1,442 sqft	Mar 2022

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