MENGLEMBU INDUSTRIAL PARK in Kinta, Perak recorded 9 subsale transactions in 2024, with a median price of RM 530K and a median price per square foot (PSF) of RM 148.
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 460K to RM 600K, and a typical market range of RM 458K to RM 603K.
Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.
For price per square foot, the median is RM 148, with most transactions between RM 135 and RM 161. The usual range is RM 133.50 to RM 162.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 29.00 and an average deviation (MAD) of RM 13 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
