RIMA INDUSTRIAL PARK

RIMA INDUSTRIAL PARK in Kinta, Perak recorded 9 subsale transactions in 2023, with a median price of RM 500K and a median price per square foot (PSF) of RM 94.

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 500K, with most transactions falling within a stable range of RM 351K to RM 649K, and a typical market range of RM 420K to RM 580K.

Most transactions involved detached factory/warehouse, though some variety exists in the market.

Price per square foot shows a median of RM 94, though individual units vary from RM 56 to RM 132 in the core range. The broader market spans RM 83.50 to RM 104.50, indicating diverse property characteristics. A wider spread (IQR: RM 21.00) and deviation (MAD: RM 38) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.