Bukit Merah Lake Town

Perak, Kerian, Gunung Semanggol

Property Transactions

6 subsales grouped by size · Condo →

Median
RM 164,500
PSF
RM 122
Price Size
300 sqft
Condo
RM 52,000
Level 2
315 sqft · RM 165 PSF
450 sqft
Condo
RM 24,000
Level 1
465 sqft · RM 52 PSF
900 sqft
Condo
RM 179,000
Level G
904 sqft · RM 198 PSF
1,150 sqft
Condo
RM 150,000
Level 1
1,141 sqft · RM 131 PSF
1,700 sqft
Condo
RM 190,000
Level 3
1,716 sqft · RM 111 PSF
4,800 sqft
Bungalow
RM 540,000
Bukit Merah Lake Town
4,811 sqft · RM 112 PSF
Legend Recent Highest Price Highest PSF
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Market Snapshot

Residential

RM 164,500

RM 122 psf

Median transaction price

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 24K to RM 333K, and a typical market range of RM 121K to RM 208K.

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

Price per square foot shows a median of RM 122, though individual units vary from RM 76 to RM 168 in the core range. The broader market spans RM 104.85 to RM 138.85, indicating diverse property characteristics. A wider spread (IQR: RM 34.00) and deviation (MAD: RM 46) 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.