SERI NIBUNG

Area Intelligence
2023
Median Price
RM 421,000
PSF: RM 615

Residential PSF Trends

Median Price

RM 295,000

PSF: RM 435

Commercial PSF Trends

Median Price

RM 660,000

RM 763 PSF

SERI NIBUNG in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 421K and a median price per square foot (PSF) of RM 615.

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 421K, with most transactions falling within a stable range of RM 260K to RM 633K, and a typical market range of RM 392K to RM 450K.

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

Price per square foot shows a median of RM 615, though individual units vary from RM 447 to RM 783 in the core range. The broader market spans RM 565.38 to RM 664.63, indicating diverse property characteristics. A wider spread (IQR: RM 99.25) and deviation (MAD: RM 168) 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

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Transactions

4 transactions grouped by size

700 sqft
RM 260,000
Level 8
678 sqft · RM 383 PSF
RM 330,000
Level 8
678 sqft · RM 487 PSF
RM 512,000
Level 1
689 sqft · RM 743 PSF
1,050 sqft
Office Lot
RM 808,000
Level 1
1,033 sqft · RM 782 PSF

No Properties For Sale

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

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