TAMAN SRI NIBONG in Barat Daya, Penang recorded 1 subsale transactions in 2021, with a median price of RM 935K and a median price per square foot (PSF) of RM 668.
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 935K, with most transactions falling within a stable range of RM 585K to RM 1.29 million, and a typical market range of RM 648K to RM 1.22 million.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 668, with core pricing between RM 546 and RM 790. Market pricing typically extends from RM 559.50 to RM 776.50, reflecting moderate variation in unit pricing. The spread of RM 217.00 (IQR) and deviation of RM 122 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
