PADANG BESAR

PADANG BESAR in Perlis, Perlis recorded 2 subsale transactions in 2022, with a median price of RM 2.20 million and a median price per square foot (PSF) of RM 65.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 2.20 million, with most transactions falling within a stable range of RM 400K to RM 4.00 million, and a typical market range of RM 1.30 million to RM 3.10 million.

Most transactions involved detached factory/warehouse, with minimal variety in property types.

Price per square foot shows a median of RM 65, though individual units vary from RM 20 to RM 109 in the core range. The broader market spans RM 42.25 to RM 86.75, indicating diverse property characteristics. A wider spread (IQR: RM 44.50) and deviation (MAD: RM 45) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.