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 400K to RM 1.10 million, and a typical market range of RM 463K to RM 1.04 million.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 518, though individual units vary from RM 396 to RM 640 in the core range. The broader market spans RM 409.50 to RM 626.50, indicating diverse property characteristics. 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Moderate transaction volume may require patience when buying or selling.
