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
TodayResidential Land-NA-RM290,000
TodayResidential Land-NA-RM120,000
TodayTerrace-NA-RM240,000
TodayTerrace900 sfRM167,000
TodayTerrace1,400 sfRM298,000
TodayTerrace1,400 sfRM298,000
TodayTerrace2,100 sfRM308,000
YesterdayTownhouse1,099 sfRM270,000
YesterdayTownhouse1,099 sfRM300,000
TodayCondominium1,572 sfRM234,900

Latest Perak for rent listings:

DateTypeBuilt-upRental
TodayRoom In House-NA-RM250
TodayRoom In House-NA-RM250
TodaySemi-Detached-NA-RM900
TodayTerrace10,000 sfRM950
TodaySemi-Detached2,100 sfRM850
TodayTerrace1,200 sfRM800
TodayLow-Cost Flat850 sfRM700
TodayRoom In House-NA-RM350
TodayRoom In House-NA-RM230
TodayRoom In Shop-House-NA-RM180
4 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