Seri Nibung
16-18, Jalan Tun Dr Awang, Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
16-18, Jalan Tun Dr Awang, Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
Property Type
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 3
|
RM 310,000
|
RM 291
|
1,066 sqft
|
|
|
|
Level 1
|
RM 808,000
|
RM 782
|
1,033 sqft
|
|
|
Level 3
|
RM 280,000
|
RM 260
|
1,076 sqft
|
|
|
|
Level 2
|
RM 320,000
|
RM 289
|
1,109 sqft
|
|
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Market Snapshot
ResidentialRM 291,500
RM 430 psfMedian transaction price
16-18, Jalan Tun Dr Awang, Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia
MapsSeri Nibung in Timur Laut, Penang recorded 5 Office Lot properties subsale transactions between 2021 and 2026, with a median price of RM 320K and a median price per square foot (PSF) of RM 291.
This area contains both residential and commercial properties. View 14 residential properties or 8 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 320K, with most transactions falling within a stable range of RM 280K to RM 519K, and a typical market range of RM 296K to RM 344K.
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 291, though individual units vary from RM 54 to RM 528 in the core range. The broader market spans RM 246.04 to RM 335.79, indicating diverse property characteristics. A wider spread (IQR: RM 89.75) 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.