Penang
Barat Daya
12
TAMAN SRI NIBONG

TAMAN SRI NIBONG

Area Intelligence

2023

Median Price

RM 750,000

PSF: RM 518

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Residential PSF Trends

Median Price

RM 750,000

PSF: RM 518

TAMAN SRI NIBONG in Barat Daya, Penang recorded 23 subsale transactions in 2023, with a median price of RM 750K and a median price per square foot (PSF) of RM 518.

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 750K, with most transactions falling within a stable range of RM 619K to RM 500K, and a typical market range of RM 463K to RM 500K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

The median PSF stands at RM 518, with core pricing between RM 429 and RM 607. Market pricing typically extends from RM 409.50 to RM 626.50, reflecting moderate variation in unit pricing. The spread of RM 217.00 (IQR) and deviation of RM 89 (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. Moderate transaction volume may require patience when buying or selling.

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TAMAN SRI NIBONG, Barat Daya, Penang

OSM

Track location

Transactions

10 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 175,000

Level 2

549 sqft • RM 319.00 PSF

Nov 2023

RM 450,000

Level 4

969 sqft • RM 465.00 PSF

Aug 2023

RM 495,000

Level 6

1,098 sqft • RM 451.00 PSF

Jun 2023

RM 500,000

Level 1

969 sqft • RM 516.00 PSF

May 2023

RM 480,000

Level 3

958 sqft • RM 501.00 PSF

Apr 2023

RM 270,000

Level 4

947 sqft • RM 285.00 PSF

Apr 2023

RM 330,000

Level 4

990 sqft • RM 333.00 PSF

Apr 2023

RM 160,000

Level 4

549 sqft • RM 291.00 PSF

Apr 2023

RM 250,000

Level 1

624 sqft • RM 400.00 PSF

Feb 2023

RM 485,000

Level 1

936 sqft • RM 518.00 PSF

Jan 2023

Road	Price	Land PSF	Land	Date	Type
Level 2	RM 175,000	RM 319.00	549 sqft	Nov 2023	Low-Cost Flat
Level 4	RM 450,000	RM 465.00	969 sqft	Aug 2023	Flat
Level 6	RM 495,000	RM 451.00	1,098 sqft	Jun 2023	Condo/Apartment
Level 1	RM 500,000	RM 516.00	969 sqft	May 2023	Condo/Apartment
Level 3	RM 480,000	RM 501.00	958 sqft	Apr 2023	Condo/Apartment
Level 4	RM 270,000	RM 285.00	947 sqft	Apr 2023	Flat
Level 4	RM 330,000	RM 333.00	990 sqft	Apr 2023	Flat
Level 4	RM 160,000	RM 291.00	549 sqft	Apr 2023	Low-Cost Flat
Level 1	RM 250,000	RM 400.00	624 sqft	Feb 2023	Low-Cost Flat
Level 1	RM 485,000	RM 518.00	936 sqft	Jan 2023	Flat