SERI NIBUNG

Area Intelligence
2024
Median Price
RM 680,000
PSF: RM 629

Residential PSF Trends

Median Price

RM 290,000

PSF: RM 428

Commercial PSF Trends

Median Price

RM 680,000

RM 629 PSF

SERI NIBUNG in Timur Laut, Penang recorded 2 subsale transactions in 2024, with a median price of RM 680K and a median price per square foot (PSF) of RM 629.

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 680K, with most transactions falling within a stable range of RM 310K to RM 1.05 million, and a typical market range of RM 651K to RM 709K.

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

Price per square foot shows a median of RM 629, though individual units vary from RM 291 to RM 966 in the core range. The broader market spans RM 578.88 to RM 678.13, indicating diverse property characteristics. A wider spread (IQR: RM 99.25) and deviation (MAD: RM 338) indicate significant PSF variations, likely due to diverse property types or conditions.

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

2 transactions grouped by size

1,050 sqft
Office Lot
RM 310,000
Level 3
1,066 sqft · RM 291 PSF
1,100 sqft
Shop/Retail Lot
RM 1,050,000
Level 1
1,087 sqft · RM 966 PSF

No Properties For Sale

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

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