Perak, Malaysia

Perak is a state of Malaysia that is located in the northern region of the country peninsula. Perak is considered a connecting state between the northern and southern regions of the country peninsula. Visitors usually just stop over the state for meals and rest while traveling between Kuala Lumpur and Penang via the North-South Highway. The economy of this state depends mainly on agriculture and mining, whereby it is very rich in natural resources, especially limestones.

As for the real estate market, Perak has an affordable and dull property market, as property prices here hardly move up or down. The reason for this is because the population of Perak is actually shrinking, while the current population has been stagnant for many years at around 2.5 millions. Most of the locals usually move to the bigger neighbouring cities Kuala Lumpur and Penang to find better jobs once they finish studying.

The following shows the residential property transactions in Perak over the last few years:

The purchase restrictions of properties by foreigners in this state is similar to that of Kuala Lumpur, which is a minimum purchase price of RM1 million, as the state government hasn't imposed any additional curbs and taxes besides those of the Federal government. There are only a few property investment hotspots here, such as Ipoh, Marina Island, and Tambun, while the rest of Perak is mainly Malay kampungs (villages).

Perak state government fully supports Proton in its plan to make Tanjung Malim the regioinal hub for the car industry, namely the Proton City Automotive Hub. Perak Investment and Corridor Development Committee chairman Datuk Seri Mohamad Nizar Jamaluddin explained that the presence of the vendors will open up job opportunities that will develop immediately. Hence, this will also influence the society and property market in the area. Further on that note, the state government had also obtained approval from the federal government to create a new district, Daerah Mua'llim which includes Proton City, Slim River, and Tanjung Malim.

Besides all that, Malaysia will have its first motorsports-themed modern integrated township development project named T-City. The development stretches out on a 172.5-hectare area of land in the Kinta and Kampar districts. T-City comprises of a Formula 2 Circuit, an automotive factory outlet, street malls and hotels.

Latest Perak for sale listings:

DateTypeBuilt-upPrice
TodayTerrace1,200 sfRM180,000
TodayOffice904 sfRM170,000
01-Apr-20Condominium872 sfRM220,000
01-Apr-20Low-Cost Flat865 sfRM278,000
25-Mar-20Industrial Land-NA-RM1,700,000
25-Mar-20Industrial Land-NA-RM11,000,000
30-Mar-20Agricultural Land-NA-RM83,000
25-Mar-20Condominium959 sfRM180,000
25-Mar-20Low-Cost Flat900 sfRM170,000
24-Mar-20Terrace2,454 sfRM300,000

Latest Perak for rent listings:

DateTypeBuilt-upRental
TodayTerrace1,320 sfRM1,200
TodayTerrace1,920 sfRM1,500
TodayTerrace1,540 sfRM550
TodayRoom In House-NA-RM400
TodayRoom-NA-RM160
TodayRoom-NA-RM350
31-Mar-20Room In House-NA-RM400
31-Mar-20Room In House-NA-RM340
31-Mar-20Room In House-NA-RM350
31-Mar-20Room In Apartment-NA-RM200
6 user comments on Perak
Ng Lian Soon
27 Sep 2019 @ 10:25 PM

Nice place for retirement or vacation place, peaceful and safe environment. Enjoy stunning lake view and hill view. There are convenience shop, clinic and restaurants nearby

Zafar Isa
15 Jan 2020 @ 12:19 AM

who are you to say that this place is not suitable for own stay or investment?

Very bad decisions to buy house here. Very dirty n bad cleaning services. Cats poop everywhere along the corridors at the Skygarden residence.

Excellent place to reside. Clean air, quiet environment & beautiful views too

Good housing.... mahal too.... own police..aux... dog park... eco park...and some of the people there.. stuck up!!😃

via
Google Reviews
03 Jul 2019 @ 12:00 AM

Golf Vista Apartments is a very nice and comfortable place to live in. It is a residential project surrounded by landscaped gardens and matured trees. However, short stays and homestays are strictly NOT allowed according to laws stipulated under the ministry of housing and local government. This is very important for the security and well-being of long term residents.