Penang
Barat Daya
12
TAMAN SRI NIBONG

TAMAN SRI NIBONG

Area Intelligence

2024

Median Price

RM 422,500

PSF: RM 440

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Residential PSF Trends

Median Price

RM 422,500

PSF: RM 440

TAMAN SRI NIBONG in Barat Daya, Penang recorded 6 subsale transactions in 2024, with a median price of RM 423K and a median price per square foot (PSF) of RM 440.

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 440, with most transactions between RM 440 and RM 440. The usual range is RM 331.50 to RM 548.50, 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.

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TAMAN SRI NIBONG, Barat Daya, Penang

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