Perak
Hulu Perak
Bandar Gerik
GERIK BUSINESS CENTRE

GERIK BUSINESS CENTRE

Area Intelligence

2024

Median Price

RM 480,000

PSF: RM 299

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GERIK BUSINESS CENTRE in Hulu Perak, Perak recorded 3 subsale transactions in 2024, with a median price of RM 480K and a median price per square foot (PSF) of RM 299.

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 480K, with most transactions falling within a stable range of RM 440K to RM 480K, and a typical market range of RM 435K to RM 480K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 299, with most transactions between RM 274 and RM 324. The usual range is RM 270.75 to RM 327.25, showing that most units are priced quite close to each other. With an IQR of RM 56.50 and MAD of RM 25, 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.

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GERIK BUSINESS CENTRE, Hulu Perak, Perak

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