Taman Sri Nibong started as a rural area in Sungai Nibong, Penang. Over the years, it has developed into a 109-acre residential and commercial area with a growing population of over 6,000 occupants, and is also known as the largest housing estate in Penang. Properties here are built on prime freehold land, comprising low-cost apartments, apartments, landed units such as 1- and 2-storey terrace houses and semi-detached houses, as well as retail lots.
The Sungai Nibong town in Bayan Lepas is where the main bus terminal of Penang is located. Also within a short distance from Taman Sri Nibong there are many bustling commercial districts, where residents can find a wide range of F&B, shopping and entertainment outlets, for example the Super Tanker Market and Food Court, Tesco Extra, Sunshine Square and Queensbay Mall.
Schools near Taman Sri Nibong are also easy to come by, such as Universiti Sains Malaysia (USM), SJK (C) Kwang Hwa, SRJK (C) Shih Chung, SMK Sungai Nibong, SMJK Phor Tay and SRK Sungai Nibong, while the nearest hospital is the Pantai Hospital Penang, which can be reached via a 10-minute drive. Getting out of and into the neighbourhood is not difficult too, with the connection to Tun Dr Lim Chong Eu Expressway located just several minutes away and multiple buses passing through the area.
Due to its strategic position almost midway along the eastern side of Penang, those living in Taman Sri Nibong will also find its proximity to many places in the northeast and southeast of Penang extremely appealing.
These locations include industrial zones (Penang Cybercity, Bayan Lepas Industrial Park, Kristal Point Corporate Park), important infrastructures (Second Penang Bridge, Penang Bridge, Penang International Airport) and other matured townships like Bukit Jambul, Batu Maung and Gelugor.
All in all, while Taman Sri Nibong might not have the newer, shinier properties of other townships, its extensive choices of nearby amenities, well-thought-out planning and good connectivity to the rest of the island (not to mention the mainland too) make it a good base for living in Penang.
No articles available for this property.
Would you like to see our Articles page instead?
CLICK HERE TO USE MAP
Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Taman Sri Nibong | 2001 |
RM729,000
-
RM3,988,888
RM 377 psf - RM 1,139 psf |
RM1,200 - RM1,200 | NIL | 1.07 % |
| Taman Pantai Indah | Dec 2016 | NIL | NIL | NIL | NIL |
| Victoria Bay | 2015 | From RM1,440,000 | NIL | NIL | NIL |
| Summerton Condominium | Apr 2014 |
RM680,000
-
RM1,900,000
RM 415 psf - RM 829 psf |
RM1,700 - RM1,700 | NIL | 2.43 % |
| Summerton Bayan Indah | 2014 |
RM1,200,000
-
RM1,900,000
RM 652 psf - RM 806 psf |
RM1,800 - RM1,800 | NIL | 1.89 % |
| Taman Jerejak Villa | 2011 |
RM428,000
-
RM428,000
RM 503 psf - RM 503 psf |
From RM2,500 | NIL | NIL |
| Ixora Heights | 2010 |
RM468,000
-
RM575,000
RM 482 psf - RM 616 psf |
RM1,000 - RM1,000 | NIL | 2.76 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | RM 645 psf |
| 500 - 1,000 SQ. FT | RM 560 psf | - | RM 984 psf |
| 1,000 - 1,500 SQ. FT | RM 649 psf | RM 186,584 psf | RM 822 psf |
| 1,500 - 2,500 SQ. FT | RM 522 psf | RM 409,000 psf | RM 662 psf |
| 2,500 - 4,000 SQ. FT | - | RM 1,568,333 psf | - |
| 4,000 SQ. FT and above | - | - | RM 769 psf |
Note:
| Down Payment (10%) | RM 35,000 |
| Loan Amount ( 90 %) | RM 315,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
With PropSocial, everyone can now find their dream home. Looking to buy, sell or rent a home of Taman Sri Nibong? Fill in your details and we will get right back to you!
