NIBONG INDAH

NIBONG INDAH in Barat Daya, Penang recorded 15 subsale transactions between 2021 and 2025, with a median price of RM 270K and a median price per square foot (PSF) of RM 400.

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 270K, with most transactions falling within a stable range of RM 260K to RM 280K, and a typical market range of RM 256K to RM 284K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 400, with most transactions between RM 384 and RM 416. The usual range is RM 381.75 to RM 418.25, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 36.50 and an average deviation (MAD) of RM 16 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.