Relax community Taman Sri Nibong, Bayan Lepas Penang

I met a guy Mr Don in a equities boot camp last year. He managed to acquire a Single storey terrace in Taman Sri Nibong. He is a young man with a vision.

Address: Taman Sri Nibong, Bayan Lepas Penang.

Tenure: Freehold

Type of property -Single Storey Terraced

Size: 1400 sqft

When I am about to get married in 2005, I want to get a house and settle down in Penang island. My idea is to get a landed house in Penang island near USM area. Due to the exorbitant landed house price in Penang island, I have to forego the idea of owning landed property since then. Until today, owning a landed property in Penang island is still a dream to be achieved. I know I will own it one day.

Let’s get back to the Taman Sri Nibong, my family and I will come here for some out door activities during weekends. There is a basketball court, big football fields, children playgrounds etc. It is very relaxing and soothing environment. It is hard to find this kind of places in a city. In the evening, you will see a lot of residents or the people come from other area come to exercise.

Leisure time

In term of the location, Taman Sri Nibong is located in a very strategic location. It is just a 15 mins to the airport, 10 mins to the bridge, 5 mins to the bus station and Queensbay mall, and a lot more others amenities.

Nearby landed property are Taman Pantai Jerjak, Taman Jerjak Indah, Taman Jubilee etc.

Price movement for Taman Sri Nibong

In 2012, there is one Single storey terrace house transacted at RM650K. In 2013, the transacted priced is at RM780K. 1 year grow 20% in that area. It is a superbull run we called it in the stock market. This year, the asking priced is around RM850K. Priced only increased about 9% for the last 12 months. It seem like it is slowing down. However, this is still a very good growth indeed. If calculate the compounded annual growth rate from 2012 (RM650K) till 2014 asking RM850K, the CAGR is 14.35%