SERI NIBUNG

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 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 421K, with most transactions falling within a stable range of RM 260K to RM 633K, and a typical market range of RM 370K to RM 472K.

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 538.88 to RM 691.13, indicating diverse property characteristics. A wider spread (IQR: RM 152.25) 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.