TAMAN SRI NIBONG

TAMAN SRI NIBONG in Barat Daya, Penang recorded 4 Low-Cost Flat properties subsale transactions between 2021 and 2025 for low-cost flat properties, with a median price of RM 178K and a median price per square foot (PSF) of RM 324.

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 178K, with most transactions falling within a stable range of RM 160K to RM 212K, and a typical market range of RM 160K to RM 250K.

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

The median PSF stands at RM 324, with core pricing between RM 283 and RM 364. Market pricing typically extends from RM 214.75 to RM 432.25, reflecting moderate variation in unit pricing. With an IQR of RM 217.50 and MAD of RM 40, the PSF demonstrates reasonable consistency across the market.

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.