PEKAN BARU

PEKAN BARU in Kerian, Perak recorded 23 subsale transactions in 2023, with a median price of RM 275K and a median price per square foot (PSF) of RM 222.

This area contains both residential and commercial properties. View 36 residential properties or 6 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 275K, with most transactions falling within a stable range of RM 198K to RM 352K, and a typical market range of RM 225K to RM 325K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 222, though individual units vary from RM 158 to RM 286 in the core range. The broader market spans RM 179.50 to RM 264.50, indicating diverse property characteristics. A wider spread (IQR: RM 85.00) and deviation (MAD: RM 64) 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.