GERIK BUSINESS CENTRE

GERIK BUSINESS CENTRE in Hulu Perak, Perak recorded 3 subsale transactions in 2024, with a median price of RM 480K and a median price per square foot (PSF) of RM 299.

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 480K, with most transactions falling within a stable range of RM 406K to RM 554K, and a typical market range of RM 435K to RM 525K.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

The median PSF stands at RM 299, with core pricing between RM 253 and RM 345. Market pricing typically extends from RM 270.75 to RM 327.25, reflecting moderate variation in unit pricing. The spread of RM 56.50 (IQR) and deviation of RM 46 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.