SERI NIBUNG in Timur Laut, Penang recorded 9 subsale transactions in 2022, with a median price of RM 280K and a median price per square foot (PSF) of RM 413.
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 280K, with most transactions falling within a stable range of RM 254K to RM 307K, and a typical market range of RM 251K to RM 309K.
Most transactions involved flats, with moderate diversity in property types available.
The median PSF stands at RM 413, with core pricing between RM 365 and RM 461. Market pricing typically extends from RM 363.38 to RM 462.63, reflecting moderate variation in unit pricing. With an IQR of RM 99.25 and MAD of RM 48, the PSF demonstrates reasonable consistency across the market.
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.
