Perak, Malaysia

Perak is a state of Malaysia that 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 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).

Latest Perak for sale listings:

TodayCondominium269 sfRM140,000
TodayBungalow1,500 sfRM295,000
TodayStudio269 sfRM179,300
TodayRetail2,217 sfRM314,000
TodayTerrace1,000 sfRM214,200
14-Dec-18Commercial Land-NA-RM2,800,000
14-Dec-18Commercial Land-NA-RM4,098,778
14-Dec-18Terrace1,300 sfRM295,000

Latest Perak for rent listings:

TodayRoom In House-NA-RM280
TodayTerrace1,100 sfRM850
TodayCondominium1,133 sfRM1,350
TodayTerrace1,540 sfRM1,000
TodaySemi-Detached2,406 sfRM4,500
TodayLow-Cost Flat400 sfRM450