Area Intelligence

SERI NIBUNG

11 properties
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Median Price
RM 280,000
PSF: RM 413

Residential Market

Median Price

RM 277,500

IQR: RM 41
MAD: RM 21
RM 410 PSF 3.2%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 512,000

IQR: RM 368
MAD: RM 215
RM 743 PSF 7.7%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

SERI NIBUNG in Timur Laut, Penang recorded 11 subsale transactions between 2021 and 2025, 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 260K to RM 348K, and a typical market range of RM 260K 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 316 to RM 510 in the core range. The broader market spans RM 336.88 to RM 489.13, indicating diverse property characteristics. The spread of RM 152.25 (IQR) and deviation of RM 97 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

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SERI NIBUNG, Timur Laut, Penang

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Transactions

11 properties grouped by size

700 sqft
11 units (showing 6)
RM 293,000
Flat
678 sqft · RM 432.00 PSF
Mar 2024
RM 260,000
Flat
678 sqft · RM 383.00 PSF
Nov 2023
RM 330,000
Flat
678 sqft · RM 487.00 PSF
Nov 2023
RM 512,000
Office Lot
689 sqft · RM 743.00 PSF
Apr 2023
RM 272,000
Flat
678 sqft · RM 401.00 PSF
Nov 2022
RM 300,000
Flat
678 sqft · RM 442.00 PSF
Aug 2022