KOTA NIBONG in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 325K and a median price per square foot (PSF) of RM 254.
This area contains both residential and commercial properties. View 5 residential properties or 3 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 325K, with most transactions falling within a stable range of RM 300K to RM 350K, and a typical market range of RM 301K to RM 349K.
Most transactions involved flats, though some variety exists in the market.
The median PSF stands at RM 254, with core pricing between RM 205 and RM 304. Market pricing typically extends from RM 180.38 to RM 327.63, reflecting moderate variation in unit pricing. The spread of RM 147.25 (IQR) and deviation of RM 50 (MAD) suggest moderate price variations reflecting different property features.
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.
