Seri Nibung

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

Property Transactions

9 subsales grouped by size

Median
RM280,000
PSF
RM413
Price Size
Period
transactions middle 50% (P25–P75)
600 sqft
Shop
RM300,000
Level MZ
614 sqft · RM489 PSF
700 sqft
Flat
RM272,000
Level 4
678 sqft · RM401 PSF
RM300,000
Level 9
678 sqft · RM442 PSF
RM300,000
Level 9
678 sqft · RM442 PSF
RM270,000
Level 10
678 sqft · RM398 PSF
RM280,000
Level 4
678 sqft · RM413 PSF
RM275,000
Level 8
678 sqft · RM406 PSF
RM265,000
Level 9
678 sqft · RM391 PSF
1,000 sqft
Shop
RM1,000,000
Level G
1,012 sqft · RM988 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM275,000

RM406 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 9 subsale transactions in 2022, with a median price of RM280K and a median price per square foot (PSF) of RM413.

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 RM280K, with most transactions falling within a stable range of RM265K to RM506K, and a typical market range of RM265K to RM304K.

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

Price per square foot shows a median of RM413, though individual units vary from RM233 to RM593 in the core range. The broader market spans RM368.03 to RM457.78, indicating diverse property characteristics. A wider spread (IQR: RM89.75) and deviation (MAD: RM180) 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.