TAMAN SRI NIBONG

TAMAN SRI NIBONG in Barat Daya, Penang recorded 15 Flat properties subsale transactions between 2021 and 2025 for flat properties, with a median price of RM 422K and a median price per square foot (PSF) of RM 449.

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 422K, with most transactions falling within a stable range of RM 361K to RM 483K, and a typical market range of RM 270K to RM 485K.

Within the Flat category, 2 - 2 1/2 storey terraced dominated the market, with high diversity across multiple property types.

The median PSF stands at RM 449, with core pricing between RM 379 and RM 519. Market pricing typically extends from RM 340.25 to RM 557.75, reflecting moderate variation in unit pricing. The spread of RM 217.50 (IQR) and deviation of RM 70 (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.