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:

TodayCondominium1,442 sfRM385,000
TodayCondominium269 sfRM141,349
TodayCondominium201 sfRM72,376
TodayTerrace1,400 sfRM219,000
TodaySemi-Detached2,304 sfRM1,050,000

Latest Perak for rent listings:

TodayCondominium1,162 sfRM1,500
TodayLow-Cost Flat710 sfRM800
TodayRoom In House-NA-RM250
TodayCondominium1,162 sfRM2,600
19-Feb-19Shop-Office1,540 sfRM2,500
TodayRoom In House-NA-RM350
17-Feb-19Condominium1,162 sfRM2,280