TAMAN SRI NIBONG

Area Intelligence
2023
Median Price
RM 750,000
PSF: RM 518

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 645K to RM 750K, and a typical market range of RM 500K to RM 750K.

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 518, with most transactions between RM 510 and RM 526. The usual range is RM 409.50 to RM 626.50, showing that most units are priced quite close to each other. With an IQR of RM 217.00 and MAD of RM 8, 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. Moderate transaction volume may require patience when buying or selling.

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TAMAN SRI NIBONG, Barat Daya, Penang

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Transactions

3 transactions grouped by size

950 sqft
Condo/Apartment
RM 500,000
Level 1
969 sqft · RM 516 PSF
1,100 sqft
Condo/Apartment
RM 570,000
Level 5
1,087 sqft · RM 524 PSF
1,400 sqft
Double Storey Terraced
RM 750,000
TINGKAT BUKIT KECIL 4
1,399 sqft · RM 536 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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