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

PM Ismail Sabri To Inform Cabinet On Proposal To Revive HSR Project PM Ismail Sabri To Inform Cabinet On Proposal To Revive HSR Project ⋅ Dec 02 According to Transport Minister Datuk Seri Wee Ka Siong, the fresh proposal on the HSR project was the result of discussions between the two prime ministers during their ...
Tropicana YTD Property Sales Rises 73.8%, On Track To Achieve RM1.1 Billion Sales Target Tropicana YTD Property Sales Rises 73.8%, On Track To Achieve RM1.1 Billion Sales Target ⋅ Dec 01 Overall, Tropicana’s total landbank stood at 2,452 acres, with a total potential GDV of approximately RM152.2 billion....
HDB flats remain attractive as investment despite restrictive rules under PLH model HDB flats remain attractive as investment despite restrictive rules under PLH model ⋅ Dec 09 Over the past 20 years, prices of resale HDB flats increased by 0.82% quarter-on-quarter on average, or an accumulated growth of almost 70%....
Interest In New MM2H Programme Declines Due To RM1 Million Condition Interest In New MM2H Programme Declines Due To RM1 Million Condition ⋅ Dec 06 After being suspended for over a year, the MM2H programme was relaunched in 2021 with several changes such as the RM1 million fixed deposit requirement....
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