Penang
Timur Laut
13
SERI NIBUNG

SERI NIBUNG

Area Intelligence

2023

Median Price

RM 421,000

PSF: RM 615

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Residential PSF Trends

Median Price

RM 295,000

PSF: RM 435

Commercial PSF Trends

Median Price

RM 660,000

RM 763 PSF

SERI NIBUNG in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 421K and a median price per square foot (PSF) of RM 615.

This area contains both residential and commercial properties. View 13 residential properties or 7 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 421K, with most transactions falling within a stable range of RM 330K to RM 512K, and a typical market range of RM 392K to RM 450K.

Most transactions involved flats, with moderate diversity in property types available.

Price per square foot shows a median of RM 615, though individual units vary from RM 487 to RM 743 in the core range. The broader market spans RM 565.38 to RM 664.63, indicating diverse property characteristics. The spread of RM 99.25 (IQR) and deviation of RM 128 (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. Limited transaction history suggests carefully evaluating comparable sales data.

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SERI NIBUNG, Timur Laut, Penang

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