PEKAN BARU

PEKAN BARU in Kerian, Perak recorded 7 subsale transactions in 2024, with a median price of RM 350K and a median price per square foot (PSF) of RM 263.

This area contains both residential and commercial properties. View 36 residential properties or 6 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 350K, with most transactions falling within a stable range of RM 241K to RM 459K, and a typical market range of RM 300K to RM 400K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 263, though individual units vary from RM 196 to RM 330 in the core range. The broader market spans RM 220.50 to RM 305.50, indicating diverse property characteristics. A wider spread (IQR: RM 85.00) and deviation (MAD: RM 67) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.