Perak, Manjung, Simpang Empat / Sitiawan

PEKAN SITIAWAN

Area Intelligence

2023

Median Price

RM 950,000

PSF: RM 247

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Commercial PSF Trends

Median Price

RM 950,000

RM 247 PSF

PEKAN SITIAWAN in Manjung, Perak recorded 2 subsale transactions in 2023, with a median price of RM 950K and a median price per square foot (PSF) of RM 247.

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 950K, with most transactions falling within a stable range of RM 800K to RM 1.10 million, and a typical market range of RM 818K to RM 1.08 million.

Most transactions involved 4 - 4 1/2 storey shop, with moderate diversity in property types available.

Price per square foot shows a median of RM 247, though individual units vary from RM 159 to RM 335 in the core range. The broader market spans RM 151.63 to RM 342.38, indicating diverse property characteristics. A wider spread (IQR: RM 190.75) and deviation (MAD: RM 88) 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.

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PEKAN SITIAWAN, Manjung, Perak

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