DESA CEMERLANG (RKT KAMPUNG PAK DARUS II) in Larut Matang, Perak recorded 18 subsale transactions in 2023, with a median price of RM 340K and a median price per square foot (PSF) of RM 261.
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 340K, with most transactions falling within a stable range of RM 234K to RM 447K, and a typical market range of RM 205K to RM 475K.
Most transactions involved detached, though some variety exists in the market.
Price per square foot shows a median of RM 261, though individual units vary from RM 192 to RM 330 in the core range. The broader market spans RM 198.88 to RM 323.13, indicating diverse property characteristics. A wider spread (IQR: RM 124.25) and deviation (MAD: RM 69) indicate significant PSF variations, likely due to diverse property types or conditions.
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.
