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 445K to RM 615K, and a typical market range of RM 405K to RM 655K.
Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.
The median PSF stands at RM 122, with core pricing between RM 102 and RM 142. Market pricing typically extends from RM 100.25 to RM 142.75, reflecting moderate variation in unit pricing. The spread of RM 42.50 (IQR) and deviation of RM 20 (MAD) suggest moderate price variations reflecting different property features.
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.
