Penang
Barat Daya
12
TAMAN SRI NIBONG

TAMAN SRI NIBONG

Area Intelligence

2024

Median Price

RM 955,000

PSF: RM 533

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Residential PSF Trends

Median Price

RM 955,000

PSF: RM 533

TAMAN SRI NIBONG in Barat Daya, Penang recorded 19 subsale transactions in 2024, with a median price of RM 955K and a median price per square foot (PSF) of RM 533.

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 955K, with most transactions falling within a stable range of RM 1.00 million to RM 1.09 million, and a typical market range of RM 1.00 million to RM 1.24 million.

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

The median PSF stands at RM 533, with core pricing between RM 448 and RM 618. Market pricing typically extends from RM 424.50 to RM 641.50, reflecting moderate variation in unit pricing. The spread of RM 217.00 (IQR) and deviation of RM 85 (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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