Taman Lip Sin, Sungai Nibong

Taman Lip Sin is a freehold landed housing estate (with some low-cost flats) located in Sungai Nibong, Penang. It consists of Halaman Areka, Halaman Kenanga, Halaman Teratai, Ixora Heights, Jubilee Courtyard, Kota Nibong, Lucky Gardens, Medan Mutiara, Palms Pavilion, Pesara Nipah, Prima View, Sri Nibong Complex, Sri Nipah Apartment, Taman Bunga Merah, Taman Jubilee and Taman Sri Bunga. The built-up available at this project is 1,000 sf to 3,650 sf for houses and 700 sf to 750 sf for flats. Other neighbouring projects nearby here are Taman Bayan Baru, Taman Gedung Heights and Taman Sri Nibong.

Property Type
Landed & Low-Cost Flat
Land Tenure
Freehold
Built-up
1,000 sf - 3,650 sf (House)
700 sf - 750 sf (Flat)
Market Price
RM740,000 - RM1,860,000 (House)
RM350,000 - RM380,000 (Flat)
Density
-NA-
Completed In
-NA-
Developer
-NA-
Launch Price
-NA-

The only amenities nearby this landed housing estate (with some low-cost flats) are some schools. Several of the schools here are SJK (C) Keong Hoe, SMJK Phor Tay and SMK Sungai Nibong.

The current market prices for Taman Lip Sin are from RM740,000 to RM1,860,000 (about RM530 psf) for houses and RM350,000 to RM380,000 (about RM500 psf) for flats; while the monthly rentals are from RM1,300 to RM1,500 (about RM0.96 psf) for houses and RM700 to RM900 (about RM1.14 psf) for flats. The highest median price psf ever recorded was RM725 psf in Q4 2016 (House) and RM542 psf in Q3 2015 (Flat); while the lowest one was RM471 psf in Q4 2011 (House) and RM385 psf in Q3 2014 (Flat).

The current rental yield of Taman Lip Sin is 2.12% for houses and 3.0% for flats. The highest rental yield ever recorded was 2.44% in Q4 2017 (House) and 3.4% in Q3 2016 (Flat); while the lowest one was 2.09% in Q2 2016 (House) and 2.17% in Q3 2017 (Flat). Meanwhile, the most common unit layouts and sizes available here are as follows:

House Layouts

The most popular layout and size combination at Taman Lip Sin for houses is 3-bedroom / 1,400 sf with a median price of RM530 psf. For price wise, the most expensive one is 6-bedroom / 1,420 sf with a median price of RM1,270 psf; while the cheapest one is 4-bedroom / 3,650 sf with a median price of RM510 psf.

Low-Cost Flat Layouts

Meanwhile, the most popular layout and size combination at Taman Lip Sin for flats is 3-bedroom / 700 sf with a median price of RM500 psf. For price wise, the most expensive one is 3-bedroom / 750 sf with a median price of RM500 psf; while the cheapest one is 3-bedroom / 700 sf with a median price of RM500 psf.

Latest Taman Lip Sin for sale listings:

DateTypeBuilt-upPrice
16-Feb-19Low-Cost Flat700 sfRM340,000
16-Feb-19Low-Cost Flat700 sfRM320,000
16-Feb-19Low-Cost Flat500 sfRM240,000
14-Feb-19Low-Cost Flat700 sfRM420,000
14-Feb-19Low-Cost Flat700 sfRM305,000
14-Feb-19Low-Cost Flat700 sfRM330,000
14-Feb-19Low-Cost Flat750 sfRM320,000
10-Feb-19Condominium800 sfRM360,000
09-Feb-19Low-Cost Flat700 sfRM250,000
08-Feb-19Low-Cost Flat700 sfRM248,000

Latest Taman Lip Sin for rent listings:

DateTypeBuilt-upRental
16-Feb-19Condominium750 sfRM1,100
16-Feb-19Low-Cost Flat650 sfRM850
15-Feb-19Room In Apartment-NA-RM350
15-Feb-19Room In Apartment-NA-RM500
13-Feb-19Room In Apartment-NA-RM400
13-Feb-19Room In Apartment-NA-RM500
13-Feb-19Room In Apartment-NA-RM500
11-Feb-19Condominium1,000 sfRM1,400
11-Feb-19Condominium750 sfRM1,100
11-Feb-19Condominium800 sfRM1,000