BUKIT MERAH LAKE TOWN in Kerian, Perak recorded 2 subsale transactions in 2021, with a median price of RM 114K and a median price per square foot (PSF) of RM 90.
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 114K, with most transactions falling within a stable range of RM 67K to RM 160K, and a typical market range of RM 70K to RM 157K.
Most transactions involved condominium/apartment, though some variety exists in the market.
Price per square foot shows a median of RM 90, though individual units vary from RM 72 to RM 109 in the core range. The broader market spans RM 73.00 to RM 107.00, indicating diverse property characteristics. The spread of RM 34.00 (IQR) and deviation of RM 19 (MAD) suggest moderate price variations reflecting different property features.
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.
