TAMAN SRI NIBONG in Barat Daya, Penang recorded 39 subsale transactions between 2021 and 2025, with a median price of RM 980K and a median price per square foot (PSF) of RM 656.
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 980K, with most transactions falling within a stable range of RM 709K to RM 1.25 million, and a typical market range of RM 693K to RM 1.27 million.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 656, with core pricing between RM 538 and RM 774. Market pricing typically extends from RM 547.50 to RM 764.50, reflecting moderate variation in unit pricing. The spread of RM 217.00 (IQR) and deviation of RM 118 (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. Moderate transaction volume may require patience when buying or selling.
