Pekan Simpang
Commercial Transaction Prices
Pekan Simpang is a township/project located in Larut Matang, Perak. The median transacted price for Pekan Simpang is RM 700,000 with a median transacted price of RM 388.77 per sq. ft.
Property transactions snapshot
Data shown is based on the latest 12-month available period
Median price
RM 700,000
- YoY
Lower: RM 550,000
Upper: RM 850,000
Median price per sq.ft. (psf)
RM 388.77
- YoY
Lower: RM 287.06
Upper: RM 490.48
How was this calculated?
- The Lower (25th percentile), where 25% of properties sell for a lower price.
- The Median (50th percentile), which represents the middle price point. At this point, half of the properties sell for more and half for less.
- The Upper (75th percentile), where 75% of properties sell for a lower price.
Capital growth (Year-over-Year) is another important concept. It refers to the percentage change in the median price from one year to the next.
Pekan Simpang Median Price Psf
Latest Transactions from Oct 23 to Sep 24
(2 Transactions)
| Sales Date | Property Type | Tenure | Road | Land Area | Build Up | Unit Level | Transaction Price | Price PSF |
|---|---|---|---|---|---|---|---|---|
| September 2024 | Shop | Freehold | Simpang Business Centre | 1,732.99 sq.ft | 4,461.21 sq.ft | RM 850,000 | RM 490 | |
| May 2024 | Shop | Freehold | Jalan Simpang - Kuala Kangsar | 1,915.97 sq.ft | 2,531.13 sq.ft | RM 550,000 | RM 287 |
September 2024
Type: Shop
Tenure: Freehold
Road: Simpang Business Centre
Land Area: 1,732.99 sq.ft
Build Area: 4,461.21 sq.ft
Transaction: RM 850,000
Price PSF: RM 490
May 2024
Type: Shop
Tenure: Freehold
Road: Jalan Simpang - Kuala Kangsar
Land Area: 1,915.97 sq.ft
Build Area: 2,531.13 sq.ft
Transaction: RM 550,000
Price PSF: RM 287
Frequently Asked Questions
What factors affect commercial property prices in Pekan Simpang, Larut Matang?
Commercial property prices in Pekan Simpang, Larut Matang are affected by demand, interest rates, economic conditions, local government policies, and development in the area.
Will commercial property prices fluctuate in Pekan Simpang, Larut Matang?
Yes, prices can fluctuate depending on market conditions, economic factors, and demand in Pekan Simpang, Larut Matang.
How have commercial property prices changed recently in Pekan Simpang, Larut Matang?
In the past 12 months, commercial property prices in Pekan Simpang, Larut Matang have decreased by % YoY.
What is the median price for commercial property in Pekan Simpang, Larut Matang?
The median price for commercial property in Pekan Simpang, Larut Matang is RM 700,000.
Data Source & Disclaimer:
The transaction data provided on PropertyGenie.com.my is intended for general informational purposes only. It is sourced from the National Property Information Centre (NAPIC) and represents historical subsale property transaction prices. While we strive to ensure the data's accuracy, completeness, and reliability, PropertyGenie.com.my makes no warranties or representations as to the data's current accuracy or completeness. The information constitutes "Third Party Content" under our Website Terms. Users are advised to use this data at their own risk and consider seeking professional advice for property decisions. We disclaim liability for any errors, omissions, or inaccuracies and any loss or damage arising from reliance on this information. PropertyGenie.com.my reserves the right to update or amend the data without notice.