SERI NIBUNG

Area Intelligence
2022
Median Price
RM 280,000
PSF: RM 413

Residential PSF Trends

Median Price

RM 275,000

PSF: RM 406

Commercial PSF Trends

Median Price

RM 650,000

RM 739 PSF

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.

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SERI NIBUNG, Timur Laut, Penang

OSM

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Transactions

9 transactions grouped by size

600 sqft
Shop/Retail Lot
RM 300,000
Level MZ
614 sqft · RM 489 PSF
700 sqft
Flat
RM 272,000
Level 4
678 sqft · RM 401 PSF
RM 300,000
Level 9
678 sqft · RM 442 PSF
RM 300,000
Level 9
678 sqft · RM 442 PSF
RM 270,000
Level 10
678 sqft · RM 398 PSF
RM 280,000
Level 4
678 sqft · RM 413 PSF
RM 275,000
Level 8
678 sqft · RM 406 PSF
RM 265,000
Level 9
678 sqft · RM 391 PSF
1,000 sqft
Shop/Retail Lot
RM 1,000,000
Level G
1,012 sqft · RM 988 PSF

No Properties For Sale

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

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