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. The median price is RM 330K, with most transactions falling within a stable range of RM 295K to RM 330K, and a typical market range of RM 301K to RM 330K.

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

The median PSF stands at RM 487, with core pricing between RM 435 and RM 539. Market pricing typically extends from RM 437.38 to RM 536.63, reflecting moderate variation in unit pricing. With an IQR of RM 99.25 and MAD of RM 52, 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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