Seri Nibung

16-18, Jalan Tun Dr Awang, Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Property Transactions

22 subsales grouped by size

Median
RM300,000
PSF
RM442
Period
transactions middle 50% (P25–P75)
600 sqft
Shop
RM300,000
Level MZ
614 sqft · RM489 PSF
RM300,000
Level 9
678 sqft · RM442 PSF
RM360,000
Level 1
678 sqft · RM531 PSF
RM300,000
Level 6
678 sqft · RM442 PSF
RM290,000
Level 1
678 sqft · RM428 PSF
RM293,000
Level 9
678 sqft · RM432 PSF
RM260,000
Level 8
678 sqft · RM383 PSF
+9 more
1,000 sqft
Shop
RM1,000,000
Level G
1,012 sqft · RM988 PSF
1,050 sqft
Office
RM310,000
Level 3
1,066 sqft · RM291 PSF
RM808,000
Level 1
1,033 sqft · RM782 PSF
RM280,000
Level 3
1,076 sqft · RM260 PSF
RM320,000
Level 2
1,109 sqft · RM289 PSF
RM1,050,000
Level 1
1,087 sqft · RM966 PSF
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Market Snapshot

Residential

RM291,500

RM430 psf

Median transaction price

Seri Nibung
© OpenStreetMap · CARTO

16-18, Jalan Tun Dr Awang, Bayan Baru, 11950 Bayan Lepas, Pulau Pinang, Malaysia

Maps

Seri Nibung in Timur Laut, Penang recorded 22 subsale transactions between 2021 and 2026, with a median price of RM300K and a median price per square foot (PSF) of RM442.

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 RM300K, with most transactions falling within a stable range of RM278K to RM323K, and a typical market range of RM276K to RM324K.

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

The median PSF stands at RM442, with core pricing between RM394 and RM490. Market pricing typically extends from RM397.13 to RM486.88, reflecting moderate variation in unit pricing. With an IQR of RM89.75 and MAD of RM48, 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. Moderate transaction volume may require patience when buying or selling.