Penang
Barat Daya
12
TAMAN SRI NIBONG

TAMAN SRI NIBONG

Area Intelligence

2022

Median Price

RM 850,000

PSF: RM 540

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Residential PSF Trends

Median Price

RM 850,000

PSF: RM 540

TAMAN SRI NIBONG in Barat Daya, Penang recorded 17 subsale transactions in 2022, with a median price of RM 850K and a median price per square foot (PSF) of RM 540.

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 850K, with most transactions falling within a stable range of RM 1.00 million to RM 1.08 million, and a typical market range of RM 1.00 million to RM 1.14 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 540, though individual units vary from RM 414 to RM 666 in the core range. The broader market spans RM 431.50 to RM 648.50, indicating diverse property characteristics. The spread of RM 217.00 (IQR) and deviation of RM 126 (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.

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TAMAN SRI NIBONG, Barat Daya, Penang

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