KOTA NIBONG

Area Intelligence
2023
Median Price
RM 295,000
PSF: RM 390

Residential PSF Trends

Median Price

RM 280,000

PSF: RM 400

Commercial PSF Trends

Median Price

RM 340,000

RM 262 PSF

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 270K to RM 320K, 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 340 and RM 439. Market pricing typically extends from RM 315.88 to RM 463.13, reflecting moderate variation in unit pricing. With an IQR of RM 147.25 and MAD of RM 50, the PSF demonstrates reasonable consistency across the market.

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.

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KOTA NIBONG, Timur Laut, Penang

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Transactions

4 transactions grouped by size

700 sqft
Flat
RM 280,000
Level 5
700 sqft · RM 400 PSF
RM 310,000
Level 6
700 sqft · RM 443 PSF
RM 265,000
Level 5
700 sqft · RM 379 PSF
1,300 sqft
Office Lot
RM 340,000
Level 2
1,300 sqft · RM 262 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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