TAMAN SIMPANG MAKMUR in Larut Matang, Perak recorded 2 subsale transactions in 2023, with a median price of RM 245K and a median price per square foot (PSF) of RM 191.
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 245K, with most transactions falling within a stable range of RM 228K to RM 263K, and a typical market range of RM 228K to RM 262K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 191, with most transactions between RM 176 and RM 206. The usual range is RM 176.25 to RM 204.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 28.50 and an average deviation (MAD) of RM 15 indicate a highly stable PSF trend across properties.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
