KAMPUNG BARU MENGLEMBU in Kinta, Perak recorded 12 subsale transactions in 2023, with a median price of RM 194K and a median price per square foot (PSF) of RM 45.
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 194K, with most transactions falling within a stable range of RM 139K to RM 249K, and a typical market range of RM 134K to RM 254K.
Most transactions involved detached, with minimal variety in property types.
Price per square foot shows a median of RM 45, though individual units vary from RM 33 to RM 57 in the core range. The broader market spans RM 26.63 to RM 62.38, indicating diverse property characteristics. A wider spread (IQR: RM 35.75) and deviation (MAD: RM 12) 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.
