|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 8
|
RM 22,000
|
RM 70
|
315 sqft
|
|
Serviced Apt |
| 2023 | |||||
|
Level 5
|
RM 95,000
|
RM 118
|
803 sqft
|
|
Condo |
| 2022 | |||||
|
Level 1
|
RM 24,000
|
RM 52
|
465 sqft
|
|
Condo |
|
Level G
|
RM 179,000
|
RM 198
|
904 sqft
|
|
Condo |
|
Level 2
|
RM 52,000
|
RM 165
|
315 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 52,000
RM 118 psfMedian transaction price
Bukit Merah Lake Town in Kerian, Perak recorded 5 subsale transactions between 2021 and 2026, up to 1,000 sqft, with a median price of RM 52K and a median price per square foot (PSF) of RM 118.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 52K, with most transactions falling within a stable range of RM 22K to RM 111K, and a typical market range of RM 22K to RM 95K.
Most transactions involved condominium/apartment, though some variety exists in the market.
Price per square foot shows a median of RM 118, though individual units vary from RM 63 to RM 174 in the core range. The broader market spans RM 101.31 to RM 135.31, indicating diverse property characteristics. A wider spread (IQR: RM 34.00) and deviation (MAD: RM 55) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.