TAMAN SRI PERAK (P/L 2841,2842,2844) in Manjung, Perak recorded 6 subsale transactions in 2022, with a median price of RM 258K and a median price per square foot (PSF) of RM 137.
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 258K, with most transactions falling within a stable range of RM 160K to RM 356K, and a typical market range of RM 159K to RM 357K.
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 137, with most transactions between RM 132 and RM 142. The usual range is RM 115.29 to RM 159.29, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 44.00 and an average deviation (MAD) of RM 5 indicate a highly stable PSF trend across properties.
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.
