PEKAN RAZAKI

PEKAN RAZAKI in Kinta, Perak recorded 23 subsale transactions in 2022, with a median price of RM 240K and a median price per square foot (PSF) of RM 160.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 240K, with most transactions falling within a stable range of RM 164K to RM 316K, and a typical market range of RM 200K to RM 280K.

Most transactions involved low-cost house, with high diversity across multiple property types.

Price per square foot shows a median of RM 160, though individual units vary from RM 110 to RM 210 in the core range. The broader market spans RM 126.50 to RM 193.50, indicating diverse property characteristics. A wider spread (IQR: RM 67.00) and deviation (MAD: RM 50) 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. Moderate transaction volume may require patience when buying or selling.