Penang
Timur Laut
13
KOTA NIBONG

KOTA NIBONG

Area Intelligence

2023

Median Price

RM 280,000

PSF: RM 400

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Residential PSF Trends

Median Price

RM 280,000

PSF: RM 400

Commercial PSF Trends

Median Price

RM 330,000

RM 254 PSF

KOTA NIBONG in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 280K and a median price per square foot (PSF) of RM 400.

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 280K, with most transactions falling within a stable range of RM 273K to RM 280K, and a typical market range of RM 265K to RM 280K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 400, with most transactions between RM 390 and RM 411. The usual range is RM 326.38 to RM 473.63, showing that most units are priced quite close to each other. With an IQR of RM 147.25 and MAD of RM 11, 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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