Perak
Kerian
Gunung Semanggol
BUKIT MERAH LAKE TOWN

BUKIT MERAH LAKE TOWN

Area Intelligence

2024

Median Price

RM 147,500

PSF: RM 129

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Residential PSF Trends

Median Price

RM 147,500

PSF: RM 129

BUKIT MERAH LAKE TOWN in Kerian, Perak recorded 2 subsale transactions in 2024, with a median price of RM 148K and a median price per square foot (PSF) of RM 129.

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 148K, with most transactions falling within a stable range of RM 135K to RM 160K, and a typical market range of RM 135K to RM 160K.

Most transactions involved condominium/apartment, though some variety exists in the market.

For price per square foot, the median is RM 129, with most transactions between RM 118 and RM 140. The usual range is RM 112.00 to RM 146.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 34.00 and an average deviation (MAD) of RM 11 indicate a highly stable PSF trend across properties.

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.

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BUKIT MERAH LAKE TOWN, Kerian, Perak

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