Seri Nibung

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

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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 0 subsale transactions in 2021, with a median price of RM300K and a median price per square foot (PSF) of RM437.

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 RM437, with core pricing between RM389 and RM485. Market pricing typically extends from RM392.13 to RM481.88, 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. Limited transaction history suggests carefully evaluating comparable sales data.