Nibong Indah
Lorong Aziz Ibrahim, Kampung Sungai Nibong, 11900 Gelugor, Pulau Pinang, Malaysia
Lorong Aziz Ibrahim, Kampung Sungai Nibong, 11900 Gelugor, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 7
|
RM 270,000
|
RM 386
|
700 sqft
|
|
|
|
Level 12
|
RM 264,000
|
RM 377
|
700 sqft
|
|
|
|
Level 8
|
RM 250,000
|
RM 357
|
700 sqft
|
|
|
|
Level 14
|
RM 288,000
|
RM 412
|
700 sqft
|
|
|
|
Level 9
|
RM 270,000
|
RM 386
|
700 sqft
|
|
|
|
Level 12
|
RM 260,000
|
RM 372
|
700 sqft
|
|
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Market Snapshot
ResidentialRM 267,500
RM 386 psfMedian transaction price
Lorong Aziz Ibrahim, Kampung Sungai Nibong, 11900 Gelugor, Pulau Pinang, Malaysia
MapsNibong Indah in Barat Daya, Penang recorded 10 subsale transactions between 2021 and 2026, with a median price of RM 268K and a median price per square foot (PSF) of RM 386.
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 268K, with most transactions falling within a stable range of RM 256K to RM 279K, and a typical market range of RM 254K to RM 282K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM 386, with most transactions between RM 366 and RM 405. The usual range is RM 368.04 to RM 403.79, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 35.75 and an average deviation (MAD) of RM 20 indicate a highly stable PSF trend across properties.
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.