Penang
Barat Daya
12
TAMAN SRI NIBONG FASA 4B

TAMAN SRI NIBONG FASA 4B

Area Intelligence

2022

Median Price

RM 370,000

PSF: RM 334

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Commercial PSF Trends

Median Price

RM 370,000

RM 334 PSF

TAMAN SRI NIBONG FASA 4B in Barat Daya, Penang recorded 3 subsale transactions in 2022, with a median price of RM 370K and a median price per square foot (PSF) of RM 334.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 370K, with most transactions falling within a stable range of RM 312K to RM 428K, and a typical market range of RM 336K to RM 404K.

Most transactions involved office lot, though some variety exists in the market.

The median PSF stands at RM 334, with core pricing between RM 277 and RM 391. Market pricing typically extends from RM 275.50 to RM 392.50, reflecting moderate variation in unit pricing. The spread of RM 117.00 (IQR) and deviation of RM 57 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SRI NIBONG FASA 4B, Barat Daya, Penang

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