Penang
Timur Laut
13
SERI NIBUNG

SERI NIBUNG

Area Intelligence

2023

Median Price

RM 330,000

PSF: RM 487

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Residential PSF Trends

Median Price

RM 295,000

PSF: RM 435

Commercial PSF Trends

Median Price

RM 512,000

RM 743 PSF

SERI NIBUNG in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 330K and a median price per square foot (PSF) of RM 487.

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.

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

For price per square foot, the median is RM 487, with most transactions between RM 487 and RM 487. The usual range is RM 437.38 to RM 536.63, showing that most units are priced quite close to each other. With an IQR of RM 99.25 and MAD of RM 0, 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

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