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
TodayIndustrial Land-NA-RM3,920,400
TodaySemi-Detached2,640 sfRM630,000
TodayTerrace2,240 sfRM425,000
TodayTerrace1,540 sfRM490,000
TodayCondominium856 sfRM208,800
TodayCondominium856 sfRM208,800
TodayAgricultural Land-NA-RM260,000
TodayIndustrial Land-NA-RM5,790,000
TodayTerrace-NA-RM219,000
TodayCondominium915 sfRM260,000

Latest Perak for rent listings:

DateTypeBuilt-upRental
TodayCondominium1,000 sfRM1,300
TodayShop-Office4,620 sfRM3,600
TodayMaster Room-NA-RM500
TodayMedium Room-NA-RM400
TodayMedium Room-NA-RM350
TodayMaster Room-NA-RM650
TodayHouse Room-NA-RM350
TodayMedium Room-NA-RM500
TodayMedium Room-NA-RM500
TodayMedium Room-NA-RM450
11 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?

Nurul
29 Apr 2020 @ 6:50 PM

It is a guarded and gated residential area with well-maintained facilities. This area is located near Seri Manjung town and there are many amenities provided in this area such as banks, eateries, hospital, petrol stations, as well as shopping malls.

Nurul
29 Apr 2020 @ 7:02 PM

It is a landed residential area and there are several units served as homestay as it is located near a tourist destination named Lost World of Tambun. There is an industrial area named Tambun Mara Industrial Area next to this residential area.

It is located in the centre of Ipoh town and it has good building management with good security. The management did not allow homestay in this apartment.

Nurul
30 Apr 2020 @ 6:52 PM

This apartment is strategically located in the centre of Ipoh town. It has a poor building management and the facilities are not well-maintained with several cleanliness issues.

Nurul
30 Apr 2020 @ 7:00 PM

The environment in this apartment is quite noisy as it is located next to PLUS Highway and the dust from smoke of the vehicles always accumulates if the windows are open.

It is a private apartment with well-maintained facilities and located strategically in the Ipoh town. There is no parking for visitors provided in this apartment.

It is a new and modern apartment that is located near the Ipoh town. This apartment is located close to eateries, mosque, schools, shopping mall, and supermarkets.

The apartment is located on the outskirts of Ipoh town and there is an industrial area near this apartment. The facilities in this apartment are well-maintained by the management.

Located between ipoh city centre and station 18. Got potential