TAMAN SIMPANG MAKMUR II

TAMAN SIMPANG MAKMUR II in Larut Matang, Perak recorded 3 subsale transactions in 2023, with a median price of RM 260K and a median price per square foot (PSF) of RM 162.

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 260K, with most transactions falling within a stable range of RM 219K to RM 301K, and a typical market range of RM 213K to RM 308K.

Most transactions involved 1 - 1 1/2 storey terraced, though some variety exists in the market.

Price per square foot shows a median of RM 162, though individual units vary from RM 117 to RM 207 in the core range. The broader market spans RM 143.50 to RM 180.50, indicating diverse property characteristics. A wider spread (IQR: RM 37.00) and deviation (MAD: RM 45) indicate significant PSF variations, likely due to diverse property types or conditions.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.