SERI NIBUNG

Area Intelligence
2024
Median Price
RM 310,000
PSF: RM 432

Residential PSF Trends

Median Price

RM 293,000

PSF: RM 432

Commercial PSF Trends

Median Price

RM 680,000

RM 629 PSF

SERI NIBUNG in Timur Laut, Penang recorded 3 subsale transactions in 2024, with a median price of RM 310K and a median price per square foot (PSF) of RM 432.

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 310K, with most transactions falling within a stable range of RM 293K to RM 663K, and a typical market range of RM 293K to RM 339K.

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

Price per square foot shows a median of RM 432, though individual units vary from RM 141 to RM 723 in the core range. The broader market spans RM 382.38 to RM 481.63, indicating diverse property characteristics. A wider spread (IQR: RM 99.25) and deviation (MAD: RM 291) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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SERI NIBUNG, Timur Laut, Penang

OSM

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Transactions

3 transactions found

RM 310,000
Level 3
1,066 sqft RM 291.00 PSF
RM 1,050,000
Level 1
1,087 sqft RM 966.00 PSF
RM 293,000
Level 9
678 sqft RM 432.00 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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