SERI NIBUNG

SERI NIBUNG in Timur Laut, Penang recorded 4 Office Lot properties subsale transactions between 2021 and 2025 for office lot properties, with a median price of RM 416K and a median price per square foot (PSF) of RM 517.

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 416K, with most transactions falling within a stable range of RM 310K to RM 618K, and a typical market range of RM 387K to RM 445K.

Within the Office Lot category, flats dominated the market, with moderate diversity in property types available.

Price per square foot shows a median of RM 517, though individual units vary from RM 280 to RM 754 in the core range. The broader market spans RM 467.38 to RM 566.63, indicating diverse property characteristics. A wider spread (IQR: RM 99.25) and deviation (MAD: RM 237) 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.