Seri Nibung
16-18, Jalan Tun Dr Awang, Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
16-18, Jalan Tun Dr Awang, Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
Property Type
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Market Snapshot
ResidentialRM 291,500
RM 430 psfMedian transaction price
16-18, Jalan Tun Dr Awang, Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
MapsSeri Nibung in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 1,025 and 1,074 sqft, with a median price of RM 559K and a median price per square foot (PSF) of RM 536.
This area contains both residential and commercial properties. View 14 residential properties or 8 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 559K, with most transactions falling within a stable range of RM 310K to RM 808K, and a typical market range of RM 535K to RM 583K.
Most transactions involved flats, with moderate diversity in property types available.
Price per square foot shows a median of RM 536, though individual units vary from RM 291 to RM 782 in the core range. The broader market spans RM 491.54 to RM 581.30, indicating diverse property characteristics. A wider spread (IQR: RM 89.75) and deviation (MAD: RM 246) indicate significant PSF variations, likely due to diverse property types or conditions.
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.