KOTA NIBONG in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 295K and a median price per square foot (PSF) of RM 390.
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 295K, with most transactions falling within a stable range of RM 266K to RM 324K, and a typical market range of RM 271K to RM 319K.
Most transactions involved flats, though some variety exists in the market.
The median PSF stands at RM 390, with core pricing between RM 322 and RM 457. Market pricing typically extends from RM 315.88 to RM 463.13, reflecting moderate variation in unit pricing. The spread of RM 147.25 (IQR) and deviation of RM 67 (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.
