Taman Lip Sin, Sungai Nibong

Taman Lip Sin is a freehold landed housing estate (with some low-cost flats) that is located in Sungai Nibong, Penang Island. It consists of Halaman Areka, Halaman Kenanga, Halaman Nipah, Halaman Teratai, Ixora Heights, Jubilee Residences, Kota Nibong, Lucky Gardens, Medan Mutiara, Nipah Emas, 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 in this housing estate is 1,000 sf to 1,400 sf for houses, 592 sf to 750 sf for flats and 1,000 sf to 1,100 sf for offices. Other neighbouring developments nearby here are Taman Bayan Baru, Taman Gedung Heights, Taman Permai, Taman Sri Nibong, Taman Terubong Indah and Taman Tun Sardon.

Property Type
Landed & Low-Cost Flat
Land Tenure
Freehold
Built-up
1,000 sf - 1,400 sf (House)
592 sf - 750 sf (Flat)
1,000 sf - 1,100 sf (Office)
Market Price
RM760,000 - RM800,000 (House)
RM240,000 - RM320,000 (Flat)
Total Units
-NA-
Completion Date
-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 SMJK Phor Tay and SMK Sungai Nibong.

The current rental yield of Taman Lip Sin is 4.67% for houses and 4.43% for flats. The highest rental yield ever recorded was 4.67% in Q2 2020 (house) and 4.43% in Q1 2023 (flat); while the lowest one was 1.88% in Q1 2019 (house) and 2.31% in Q2 2015 (flat). Meanwhile, the most common unit layouts and sizes available here are as follows:

House Layouts

The most popular layout and size (built-up) combination at Taman Lip Sin for houses is 3-bedroom / 1,400 sf with a median price of RM570 psf. For price wise, the most expensive one is 3-bedroom / 1,000 sf with a median price of RM760 psf; while the cheapest one is 3-bedroom / 1,400 sf with a median price of RM570 psf.

Flat Layouts

Meanwhile, the most popular layout and size (built-up) combination at taman lip sin for flats is 3-bedroom / 700 sf with a median price of rm430 psf. For price wise, the most expensive one is 3-bedroom / 750 sf with a median price of RM430 psf; while the cheapest one is 2-bedroom / 592 sf with a median price of RM400 psf.

Office Layouts

Meanwhile, the most popular layout and size (built-up) combination at taman lip sin for offices is 1,000 sf with a median rental of rm1.26 psf. For rental wise, the most expensive one is 1,100 sf with a median rental of RM1.44 psf; while the cheapest one is 1,000 sf with a median rental of RM1.26 psf.

Latest Taman Lip Sin sale listings:

DateProperty TypeBuilt-upPrice
14 May 2023Low-Cost Flat581 sfRM160,000
24 Apr 2023Low-Cost Flat630 sfRM265,000
25 Feb 2023Apartment698 sfRM329,998
18 Feb 2023Condominium750 sfRM419,000
15 Feb 2023Condominium689 sfRM220,000
8 Feb 2023Apartment702 sfRM283,500
16 Jan 2023Apartment700 sfRM160,000
25 Dec 2022Terrace3,800 sfRM1,590,000
3 Aug 2022Low-Cost Flat700 sfRM365,000
7 Jun 2022Shop-Office4,336 sfRM550,000

Latest Taman Lip Sin rental listings:

DateProperty TypeBuilt-upRental
18 May 2023Apartment700 sfRM550
11 May 2023Room-NA-RM300
10 May 2023Low-Cost Flat700 sfRM300
2 Mar 2023Room-NA-RM400
18 Feb 2023Condominium750 sfRM1,200
3 Feb 2023Low-Cost Flat700 sfRM820
9 Jan 2023Single Room-NA-RM497
1 Nov 2022Single Room-NA-RM230
3 Aug 2022Condominium750 sfRM900
13 Jul 2022Low-Cost Flat700 sfRM920
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