Penang
Barat Daya
12
TAMAN SRI NIBONG

TAMAN SRI NIBONG

Area Intelligence

Median Price

RM 950,000

PSF: RM 665

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Residential PSF Trends

Median Price

RM 950,000

PSF: RM 665

TAMAN SRI NIBONG in Barat Daya, Penang recorded 35 subsale transactions between 2021 and 2025, with a median price of RM 950K and a median price per square foot (PSF) of RM 665.

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 950K, with most transactions falling within a stable range of RM 600K to RM 1.30 million, and a typical market range of RM 663K to RM 1.24 million.

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

The median PSF stands at RM 665, with core pricing between RM 543 and RM 787. Market pricing typically extends from RM 556.50 to RM 773.50, reflecting moderate variation in unit pricing. The spread of RM 217.00 (IQR) and deviation of RM 122 (MAD) suggest moderate price variations reflecting different property features.

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

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