SERI NIBUNG

Area Intelligence
2023
Median Price
RM 421,000
PSF: RM 615

Residential PSF Trends

Median Price

RM 295,000

PSF: RM 435

Commercial PSF Trends

Median Price

RM 660,000

RM 763 PSF

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 512K to RM 569K, and a typical market range of RM 512K 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 596 and RM 635. 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 20, 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

Track location

Transactions

2 transactions grouped by size

700 sqft
Office Lot
RM 512,000
Level 1
689 sqft · RM 743 PSF
1,050 sqft
Office Lot
RM 808,000
Level 1
1,033 sqft · RM 782 PSF

No Properties For Sale

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

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