SRI NIPAH

SRI NIPAH in Timur Laut, Penang recorded 2 subsale transactions in 2022, with a median price of RM 250K and a median price per square foot (PSF) of RM 357.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 250K, with most transactions falling within a stable range of RM 245K to RM 255K, and a typical market range of RM 245K to RM 255K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 357, with most transactions between RM 350 and RM 364. The usual range is RM 346.00 to RM 368.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 22.00 and an average deviation (MAD) of RM 7 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.