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 395K to RM 448K, and a typical market range of RM 392K to RM 450K.
Most transactions involved flats, with moderate diversity in property types available.
For price per square foot, the median is RM 615, with most transactions between RM 567 and RM 663. The usual range is RM 565.38 to RM 664.63, showing that most units are priced quite close to each other. With an IQR of RM 99.25 and MAD of RM 48, 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.
