Area Intelligence

98 NIBONG RESIDENCE

3 properties
2021
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Median Price
RM 785,000
PSF: RM 414

Residential Market

Median Price

RM 785,000

IQR: RM 60
MAD: RM 28
RM 414 PSF 2.4%

PSF Trends (2021-2025)

98 NIBONG RESIDENCE in Barat Daya, Penang recorded 3 subsale transactions in 2021, with a median price of RM 785K and a median price per square foot (PSF) of RM 414.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 785K, with most transactions falling within a stable range of RM 750K to RM 840K, and a typical market range of RM 750K to RM 845K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 414, with most transactions between RM 374 and RM 455. The usual range is RM 384.00 to RM 444.00, showing that most units are priced quite close to each other. With an IQR of RM 60.00 and MAD of RM 41, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

Area Location

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98 NIBONG RESIDENCE, Barat Daya, Penang

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Transactions

3 properties grouped by size

1,700 sqft
1 units Condo/Apartment
RM 785,000
1,714 sqft · RM 458.00 PSF
Nov 2021
1,800 sqft
1 units Condo/Apartment
RM 750,000
1,812 sqft · RM 414.00 PSF
Dec 2021
2,450 sqft
1 units Condo/Apartment
RM 880,000
2,454 sqft · RM 359.00 PSF
Oct 2021