PEKAN SIMPANG

PEKAN SIMPANG in Larut Matang, Perak recorded 2 Double Storey Shop properties subsale transactions between 2021 and 2025 for double storey shop properties, with a median price of RM 475K and a median price per square foot (PSF) of RM 268.

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 475K, with most transactions falling within a stable range of RM 400K to RM 550K, and a typical market range of RM 400K to RM 550K.

Within the Double Storey Shop category, 2 - 2 1/2 storey shop dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 268, with most transactions between RM 249 and RM 287. The usual range is RM 207.75 to RM 328.25, showing that most units are priced quite close to each other. With an IQR of RM 120.50 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.