Perak

Median Price

RM 9,241k

Based on 25044 units sold preceding 12 mths.

Annual Growth

27.3%

Compound annual growth rate in median price.

Perak is the second largest state in Peninsular Malaysia, after Pahang. Its neighbours include Kedah and the Thai Yala Province to the north; Penang to the northwest; Kelantan and Pahang to the east; Selangor to the south, and the Straits of Malacca to the west. The state’s capital is Ipoh and royal capital is Kuala Kangsar.

In the early 1900s, Perak was famous for its tin-mining industry, notably in Lembah Kinta. However, the tin mines have since been exhausted and other industries such as tourism, manufacturing and agriculture have become major income contributors to the state. Some of the popular tourist sites in this state include Kellie’s Castle, Pangkor Island and several waterfalls and jungle trekking spots.

The property profile in Perak is diverse. Common commercial properties found mostly in towns include office blocks, shop-office units, shopping complexes and industrial lots. Residential properties in this state are terraced houses, semi-detached houses, bungalows, flat, apartments and condominiums.

Residents of Perak experience warm and sunny weather with occasional rain, which is typical of the tropical climate, throughout the year. Temperatures do not fluctuated greatly. It can go as low as mid-20 ˚C at night to mid-30˚C during the day. Heavy rainfall can be expected during the months of October to April.

More than half of Perak’s population is Malay. Other major ethnic groups are Chinese and Indian. Rebana Perak, a hand-held drum, is a famous traditional musical instrument of Perak. Cultural dances include tarian dabus, tarian bubu and belotah. Ipoh is known for its sar hor fun and Hainanese chicken rice. Tambun’s pomelos are also famous throughout the country. Lemang is a popular local Malay delicacy made from glutinous rice cooked in a bamboo tube. Another popular Malay dish is tempoyak, a durian extract which is preserved and kept in an urn.

Buying, selling, or investing property is a very big decision. Even moving to your desired location can sometimes be very emotional. Using data from more than 0 listings in Perak, PropertyGuru aim to help you make the right decisions on selecting property, by providing you helpful news and property statistics such as median and growth in the area, but also our opinion on local neighborhood area.

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Property News

Interest In Local Residential Investment Remains Resilient Interest In Local Residential Investment Remains Resilient ⋅ Apr 16 The trend is backed by wealth growth within Malaysia, with the country registering an increase of 8% from 2015 to 2020, according to a property consultancy firm in Malays...
KPKT Approves RM6.3 Million Fund For Kuala Langat Development KPKT Approves RM6.3 Million Fund For Kuala Langat Development ⋅ Apr 19 The old system needs to be streamlined and upgraded so that it can match with the development that will take place with the coming of new investors to the area, said KPKT...
PropertyGuru Widens The Gap As Malaysia’s Undisputed No.1 Property Website And Continues Proptech Innovation With Latest Launch PropertyGuru Widens The Gap As Malaysia’s Undisputed No.1 Property Website And Continues Proptech Innovation With Latest Launch ⋅ Apr 20 PropertyGuru widened its lead as Malaysia’s No. 1 property website, increasing its market share to 63% based on 6-month average from October ’20 to March ’21, as per the ...
Microsoft To Establish Its First Data Centre Region In Malaysia Microsoft To Establish Its First Data Centre Region In Malaysia ⋅ Apr 20 The data centre region, which will be situated in Greater Kuala Lumpur, will deliver trusted cloud services locally as well as world-class data security, privacy includin...
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