BUKIT MERAH LAKE TOWN

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 167 in the core range. The broader market spans RM 104.50 to RM 138.50, 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.