|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2023 | |||||
|
Jalan Meru Bestari A3
|
RM 700,000
|
RM 220
|
3,186 sqft
|
|
2-Sty Shop |
| 2022 | |||||
|
Jalan Meru Bestari A2
|
RM 850,000
|
RM 268
|
3,175 sqft
|
|
2-Sty Shop |
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Market Snapshot
CommercialRM 775,000
RM 244 psfMedian transaction price
Medan Meru Bistari in Kinta, Perak recorded 2 subsale transactions between 2021 and 2026, sized between 3,175 and 3,224 sqft, with a median price of RM 775K and a median price per square foot (PSF) of RM 244.
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 775K, with most transactions falling within a stable range of RM 700K to RM 850K, and a typical market range of RM 700K to RM 850K.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
For price per square foot, the median is RM 244, with most transactions between RM 220 and RM 268. The usual range is RM 87.57 to RM 399.82, showing that most units are priced quite close to each other. With an IQR of RM 312.25 and MAD of RM 24, the PSF demonstrates reasonable consistency across the market.
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.