Penang
Barat Daya
12
TAMAN SRI NIBONG

TAMAN SRI NIBONG

Area Intelligence

2022

Median Price

RM 1,490,000

PSF: RM 559

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Residential PSF Trends

Median Price

RM 1,490,000

PSF: RM 559

TAMAN SRI NIBONG in Barat Daya, Penang recorded 2 subsale transactions in 2022, with a median price of RM 1.49 million and a median price per square foot (PSF) of RM 559.

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 1.49 million, with most transactions falling within a stable range of RM 1.40 million to RM 1.58 million, and a typical market range of RM 1.40 million to RM 1.58 million.

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

The median PSF stands at RM 559, with core pricing between RM 493 and RM 625. Market pricing typically extends from RM 450.50 to RM 667.50, reflecting moderate variation in unit pricing. With an IQR of RM 217.00 and MAD of RM 66, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN SRI NIBONG, Barat Daya, Penang

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