NIBONG INDAH

NIBONG INDAH in Barat Daya, Penang recorded 5 subsale transactions in 2022, with a median price of RM 290K and a median price per square foot (PSF) of RM 415.

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 290K, with most transactions falling within a stable range of RM 269K to RM 310K, and a typical market range of RM 276K to RM 304K.

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

For price per square foot, the median is RM 415, with most transactions between RM 392 and RM 438. The usual range is RM 396.75 to RM 433.25, 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 23 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.