BUKIT MERAH LAKE TOWN in Kerian, Perak recorded 6 subsale transactions in 2022, with a median price of RM 165K and a median price per square foot (PSF) of RM 122.
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 165K, with most transactions falling within a stable range of RM 118K to RM 211K, and a typical market range of RM 121K to RM 208K.
Most transactions involved condominium/apartment, though some variety exists in the market.
The median PSF stands at RM 122, with core pricing between RM 103 and RM 140. Market pricing typically extends from RM 104.50 to RM 138.50, reflecting moderate variation in unit pricing. 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.
