TAMAN SRI NIBONG

TAMAN SRI NIBONG in Barat Daya, Penang recorded 6 subsale transactions in 2022, with a median price of RM 411K and a median price per square foot (PSF) of RM 447.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 447, with most transactions between RM 447 and RM 447. The usual range is RM 338.50 to RM 555.50, showing that most units are priced quite close to each other. With an IQR of RM 217.00 and MAD of RM 0, the PSF demonstrates reasonable consistency across the market.

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. Limited transaction history suggests carefully evaluating comparable sales data.