TAMAN SRI NIBONG in Barat Daya, Penang recorded 0 subsale transactions in 2023, with a median price of RM 850K and a median price per square foot (PSF) of RM 533.
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 500K to RM 1.20 million, and a typical market range of RM 563K to RM 1.14 million.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 533, though individual units vary from RM 411 to RM 655 in the core range. The broader market spans RM 424.50 to RM 641.50, indicating diverse property characteristics. 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
