Penang
Barat Daya
12
TAMAN SRI NIBONG

TAMAN SRI NIBONG

Area Intelligence

2024

Median Price

RM 2,200,000

PSF: RM 634

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Residential PSF Trends

Median Price

RM 2,200,000

PSF: RM 634

TAMAN SRI NIBONG in Barat Daya, Penang recorded 2 subsale transactions in 2024, with a median price of RM 2.20 million and a median price per square foot (PSF) of RM 634.

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 2.20 million, with most transactions falling within a stable range of RM 1.40 million to RM 3.00 million, and a typical market range of RM 1.91 million to RM 2.49 million.

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

The median PSF stands at RM 634, with core pricing between RM 533 and RM 735. Market pricing typically extends from RM 525.50 to RM 742.50, reflecting moderate variation in unit pricing. The spread of RM 217.00 (IQR) and deviation of RM 101 (MAD) suggest moderate price variations reflecting different property features.

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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