3307
Perak Residential Properties Transacted
Malaysia State Guide
Perak is one of the most vibrant and dynamic locations in Malaysia. Over the past 12 months, the median transacted price for residential properties in Perak stood at RM 300,000, with a median price per square foot of RM 181.91.
3307
Perak Residential Properties Transacted
RM 300,000
Perak Median Transaction Price
RM 181.91
Perak Median Transaction Price
(Data reflects the latest available 12-month period)
Perak, the second-largest state in Peninsular Malaysia, is known for its rich history, natural beauty, and cultural heritage. Situated on the west coast of the peninsula, Perak shares borders with Kedah, Penang, Kelantan, Pahang, Selangor, and the Strait of Malacca. The state capital is Ipoh, a city that has transformed from a quiet tin-mining town into a urban centre with a various food scene, colonial architecture, and growing property development.
Once the world’s richest tin-producing state, Perak’s economy and identity were shaped by mining, especially during the British colonial era. Today, the state is reinventing itself through tourism, education, manufacturing, and industrial development while preserving its unique character and charm. Perak appeals to retirees, nature lovers, families, and local investors looking for affordable property and a slower pace of life.
Perak’s strategic location offers convenient access to both the northern and central regions of Malaysia. Major cities such as Ipoh, Taiping, and Teluk Intan are connected via key infrastructure like the North–South Expressway (PLUS) and West Coast Expressway (WCE), facilitating smooth travel to Penang, Kuala Lumpur, and Johor.
Ipoh Railway Station is a central hub on the Electric Train Service (ETS) route, offering high-speed connections between Kuala Lumpur and Butterworth. This rail accessibility makes Perak an ideal location for intercity commuters and travelers. For air travel, Sultan Azlan Shah Airport (IPH) in Ipoh offers domestic flights, including routes to Johor Bahru and Singapore.
Perak is undergoing several infrastructure and economic development projects aimed at improving connectivity, employment, and regional growth:
Perak has a population of approximately 2.5 million, making it one of the more populous states in Malaysia. The population is made up of Malays, Chinese, Indians, Orang Asli (indigenous people), and a small number of expatriates and foreign workers. Ipoh is the largest urban centre, followed by other towns such as Taiping, Teluk Intan, Batu Gajah, Kuala Kangsar, and Lumut.
Urban growth is focused in and around Greater Ipoh, with increasing developments in Meru Raya, Chemor, Tambun, and Station 18. These areas are being developed with mixed-use townships, commercial centres, educational institutions, and medical facilities.
Perak offers some of the most affordable residential properties in Peninsular Malaysia. Its lower entry price, coupled with improving infrastructure and livability, makes it attractive to:
Popular areas for property in Perak include:
Notable developers active in Perak include Sunway Property, Taiping Bukit Jana Development, Taiko Management, and Andaman Group.
Historically reliant on tin mining, Perak’s economy is now driven by diversified sectors such as:
Industrial parks like the Kanthan Industrial Zone, Silver Valley Technology Park (SVTP), and Lumut Maritime Industrial Park are attracting domestic and foreign investments, generating thousands of job opportunities.
Perak is fast emerging as an educational hub, particularly in the Kampar and Ipoh corridors. With several public and private higher learning institutions, the state has become a destination for both local and international students.
Top universities and colleges in Perak include:
These institutions offer programs in engineering, business, medical sciences, and more, supporting Perak’s knowledge economy and local job creation.
Perak’s healthcare system comprises public hospitals, private medical centres, and specialist clinics that serve both urban and rural communities. Ipoh is the main medical hub, offering a high concentration of health facilities.
Major healthcare facilities in Perak:
Perak is also promoting medical tourism, particularly among Indonesian patients who visit Ipoh and Taiping for specialist treatments.
Tourism is one of Perak’s strongest sectors, driven by its diverse offerings with historical towns, limestone hills, island getaways, and ecotourism. The state welcomes millions of local and foreign visitors every year.
Tourism in Perak is supported by heritage conservation programs, upgraded transportation, and improved digital marketing by Tourism Perak and local councils.