R/Pangsa Kos Rendah Sungai. Nibong
Sungai Nibong, Bayan Lepas, Penang, Malaysia
Sungai Nibong, Bayan Lepas, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 1
|
RM 232,000
|
RM 399
|
581 sqft
|
|
|
|
Level 5
|
RM 100,000
|
RM 166
|
603 sqft
|
|
|
|
Level 2
|
RM 180,000
|
RM 310
|
581 sqft
|
|
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Market Snapshot
ResidentialRM 180,000
RM 310 psfMedian transaction price
Sungai Nibong, Bayan Lepas, Penang, Malaysia
MapsR/Pangsa Kos Rendah Sungai. Nibong in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 180K and a median price per square foot (PSF) of RM 310.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 180K, with most transactions falling within a stable range of RM 126K to RM 232K, and a typical market range of RM 155K to RM 205K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 310, though individual units vary from RM 214 to RM 406 in the core range. The broader market spans RM 266.68 to RM 352.68, indicating diverse property characteristics. A wider spread (IQR: RM 86.00) and deviation (MAD: RM 96) indicate significant PSF variations, likely due to diverse property types or conditions.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.