|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Jalan Toh Shahbandar Ulu
|
RM 580,000
|
RM 190
|
3,057 sqft
|
|
2-Sty Shop |
|
Jalan Toh Shahbandar Ulu
|
RM 480,000
|
RM 157
|
3,057 sqft
|
|
2-Sty Shop |
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Gerik Business Centre in Hulu Perak, Perak recorded 2 subsale transactions between 2021 and 2026, sized between 3,025 and 3,074 sqft, with a median price of RM 530K and a median price per square foot (PSF) of RM 173.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 530K, with most transactions falling within a stable range of RM 480K to RM 580K, and a typical market range of RM 485K to RM 575K.
Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.
For price per square foot, the median is RM 173, with most transactions between RM 157 and RM 190. The usual range is RM 145.13 to RM 201.63, showing that most units are priced quite close to each other. With an IQR of RM 56.50 and MAD of RM 16, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.