PEKAN BARU

Area Intelligence

2022

Median Price

RM 320,000

PSF: RM 114

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Residential PSF Trends

Median Price

RM 320,000

PSF: RM 114

Commercial PSF Trends

Median Price

RM 280,000

RM 175 PSF

PEKAN BARU in Hilir Perak, Perak recorded 3 subsale transactions in 2022, with a median price of RM 320K and a median price per square foot (PSF) of RM 114.

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 320K, with most transactions falling within a stable range of RM 320K to RM 384K, and a typical market range of RM 320K to RM 455K.

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 114, though individual units vary from RM 91 to RM 137 in the core range. The broader market spans RM 87.75 to RM 140.25, indicating diverse property characteristics. The spread of RM 52.50 (IQR) and deviation of RM 23 (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. 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