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.

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

For price per square foot, the median is RM 413, with most transactions between RM 391 and RM 435. The usual range is RM 363.38 to RM 462.63, showing that most units are priced quite close to each other. With an IQR of RM 99.25 and MAD of RM 22, 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

3 transactions grouped by size

600 sqft
Shop/Retail Lot
RM 300,000
Level MZ
614 sqft · RM 489 PSF
700 sqft
Flat
RM 300,000
Level 9
678 sqft · RM 442 PSF
RM 300,000
Level 9
678 sqft · RM 442 PSF

No Properties For Sale

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

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