I-PARK (MENGLEMBU)

I-PARK (MENGLEMBU) in Kinta, Perak recorded 6 subsale transactions in 2022, with a median price of RM 530K and a median price per square foot (PSF) of RM 122.

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 616K, and a typical market range of RM 480K to RM 655K.

Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM 122, with most transactions between RM 113 and RM 130. The usual range is RM 100.25 to RM 142.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 42.50 and an average deviation (MAD) of RM 8 indicate a highly stable PSF trend across properties.

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. Limited transaction history suggests carefully evaluating comparable sales data.