Penang
Barat Daya
12
TAMAN SRI NIBONG

TAMAN SRI NIBONG

Area Intelligence

2023

Median Price

RM 750,000

PSF: RM 518

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Residential PSF Trends

Median Price

RM 750,000

PSF: RM 518

TAMAN SRI NIBONG in Barat Daya, Penang recorded 23 subsale transactions in 2023, with a median price of RM 750K and a median price per square foot (PSF) of RM 518.

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 750K, with most transactions falling within a stable range of RM 691K to RM 500K, and a typical market range of RM 463K to RM 500K.

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

The median PSF stands at RM 518, with core pricing between RM 454 and RM 582. Market pricing typically extends from RM 409.50 to RM 626.50, reflecting moderate variation in unit pricing. With an IQR of RM 217.00 and MAD of RM 64, 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.

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TAMAN SRI NIBONG, Barat Daya, Penang

OSM

Track location

Transactions

6 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

950 sqft

RM 450,000

Level 4

969 sqft · RM 465 PSF

Aug 2023

RM 500,000

Level 1

969 sqft · RM 516 PSF

May 2023

RM 480,000

Level 3

958 sqft · RM 501 PSF

Apr 2023

RM 485,000

Level 1

936 sqft · RM 518 PSF

Jan 2023

Level 4	RM 450,000	RM 465	969 sqft	Aug 2023	Flat
Level 1	RM 500,000	RM 516	969 sqft	May 2023	Condo/Apartment
Level 3	RM 480,000	RM 501	958 sqft	Apr 2023	Condo/Apartment
Level 1	RM 485,000	RM 518	936 sqft	Jan 2023	Flat