BANDAR GERIK

BANDAR GERIK in Hulu Perak, Perak recorded 2 subsale transactions in 2023, with a median price of RM 375K and a median price per square foot (PSF) of RM 244.

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 375K, with most transactions falling within a stable range of RM 360K to RM 390K, and a typical market range of RM 360K to RM 390K.

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

For price per square foot, the median is RM 244, with most transactions between RM 225 and RM 262. The usual range is RM 136.25 to RM 350.75, showing that most units are priced quite close to each other. With an IQR of RM 214.50 and MAD of RM 19, the PSF demonstrates reasonable consistency across the market.

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.