Penang
Timur Laut
13
KOTA NIBONG

KOTA NIBONG

Area Intelligence

2022

Median Price

RM 300,000

PSF: RM 429

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Residential PSF Trends

Median Price

RM 300,000

PSF: RM 429

Commercial PSF Trends

Median Price

RM 330,000

RM 254 PSF

KOTA NIBONG in Timur Laut, Penang recorded 1 subsale transactions in 2022, with a median price of RM 300K and a median price per square foot (PSF) of RM 429.

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 300K, with most transactions falling within a stable range of RM 275K to RM 325K, and a typical market range of RM 276K to RM 324K.

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

The median PSF stands at RM 429, with core pricing between RM 380 and RM 479. Market pricing typically extends from RM 355.38 to RM 502.63, 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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