Seri Nibung

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

Property Transactions

2 subsales found

Median
RM559,000
PSF
RM536
Price Size
Period
transactions middle 50% (P25–P75)
RM310,000
Level 3
1,066 sqft RM291 PSF
RM808,000
Level 1
1,033 sqft RM782 PSF
Legend Recent Highest Price Highest PSF

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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 2 subsale transactions between 2021 and 2026, sized between 1,025 and 1,074 sqft, with a median price of RM559K and a median price per square foot (PSF) of RM536.

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 RM559K, with most transactions falling within a stable range of RM310K to RM808K, and a typical market range of RM535K to RM583K.

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

Price per square foot shows a median of RM536, though individual units vary from RM291 to RM782 in the core range. The broader market spans RM491.54 to RM581.30, indicating diverse property characteristics. A wider spread (IQR: RM89.75) and deviation (MAD: RM246) 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.