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 788K to RM 700K, and a typical market range of RM 575K to RM 700K.

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

The median PSF stands at RM 540, with core pricing between RM 472 and RM 608. Market pricing typically extends from RM 431.50 to RM 648.50, reflecting moderate variation in unit pricing. With an IQR of RM 217.00 and MAD of RM 68, 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. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SRI NIBONG, Barat Daya, Penang

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