TAMAN SIMPANG MAKMUR II in Larut Matang, Perak recorded 1 subsale transactions in 2022, with a median price of RM 180K and a median price per square foot (PSF) of RM 129.
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 180K, with most transactions falling within a stable range of RM 135K to RM 225K, and a typical market range of RM 133K to RM 228K.
Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.
The median PSF stands at RM 129, with core pricing between RM 110 and RM 149. Market pricing typically extends from RM 110.50 to RM 147.50, reflecting moderate variation in unit pricing. The spread of RM 37.00 (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.
