PEKAN SIMPANG in Larut Matang, Perak recorded 1 subsale transactions in 2022, with a median price of RM 400K and a median price per square foot (PSF) of RM 249.
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 400K, with most transactions falling within a stable range of RM 250K to RM 550K, and a typical market range of RM 288K to RM 513K.
Most transactions involved 2 - 2 1/2 storey shop, though some variety exists in the market.
The median PSF stands at RM 249, with core pricing between RM 211 and RM 287. Market pricing typically extends from RM 188.75 to RM 309.25, reflecting moderate variation in unit pricing. The spread of RM 120.50 (IQR) and deviation of RM 38 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
