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 302K to RM 310K, and a typical market range of RM 293K to RM 310K.

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

The median PSF stands at RM 432, with core pricing between RM 362 and RM 503. Market pricing typically extends from RM 382.38 to RM 481.63, reflecting moderate variation in unit pricing. The spread of RM 99.25 (IQR) and deviation of RM 71 (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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Transactions

2 transactions grouped by size

700 sqft
Flat
RM 293,000
Level 9
678 sqft · RM 432 PSF
1,050 sqft
Office Lot
RM 310,000
Level 3
1,066 sqft · RM 291 PSF

No Properties For Sale

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

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