PEKAN SIMPANG

PEKAN SIMPANG in Larut Matang, Perak recorded 2 subsale transactions in 2024, with a median price of RM 700K and a median price per square foot (PSF) of RM 389.

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 700K, with most transactions falling within a stable range of RM 550K to RM 850K, and a typical market range of RM 588K to RM 813K.

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

For price per square foot, the median is RM 389, with most transactions between RM 351 and RM 427. The usual range is RM 328.25 to RM 448.75, showing that most units are priced quite close to each other. With an IQR of RM 120.50 and MAD of RM 38, the PSF demonstrates reasonable consistency across the market.

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.