PEKAN BARU

PEKAN BARU in Hilir Perak, Perak recorded 12 subsale transactions in 2022, with a median price of RM 388K and a median price per square foot (PSF) of RM 160.

This area contains both residential and commercial properties. View 7 residential properties or 9 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 388K, with most transactions falling within a stable range of RM 180K to RM 608K, and a typical market range of RM 238K to RM 538K.

Most transactions involved 1 - 1 1/2 storey semi-detached, with high diversity across multiple property types.

Price per square foot shows a median of RM 160, though individual units vary from RM 12 to RM 307 in the core range. The broader market spans RM 133.25 to RM 185.75, indicating diverse property characteristics. A wider spread (IQR: RM 52.50) and deviation (MAD: RM 148) 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.