SERI NIBUNG

SERI NIBUNG in Timur Laut, Penang recorded 9 subsale transactions in 2022, with a median price of RM 280K and a median price per square foot (PSF) of RM 413.

This area contains both residential and commercial properties. View 10 residential properties or 6 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 280K, with most transactions falling within a stable range of RM 265K to RM 506K, and a typical market range of RM 265K to RM 331K.

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

Price per square foot shows a median of RM 413, though individual units vary from RM 233 to RM 593 in the core range. The broader market spans RM 336.88 to RM 489.13, indicating diverse property characteristics. A wider spread (IQR: RM 152.25) and deviation (MAD: RM 180) 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.