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Kampung Baru Papan, Kinta, Perak
Kampung Baru Papan in Kinta, Perak recorded 2 subsale transactions in 2022, with a median price of RM 54K and a median price per square foot (PSF) of RM 14.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 54K, with most transactions falling within a stable range of RM 40K to RM 68K, and a typical market range of RM 40K to RM 68K.
Most transactions involved detached, with minimal variety in property types.
Price per square foot shows a median of RM 14, though individual units vary from RM 10 to RM 18 in the core range. The broader market spans RM 4.03 to RM 24.28, indicating diverse property characteristics. A wider spread (IQR: RM 20.25) and deviation (MAD: RM 4) 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.