R/Pangsa Kos Rendah Sungai. Nibong

Sungai Nibong, Bayan Lepas, Penang, Malaysia

Property Transactions

6 subsales grouped by size

Median
RM 195,000
PSF
RM 330
Price Size
Period
transactions middle 50% (P25–P75)
600 sqft
LC Flat
RM 230,000
Level 1
581 sqft · RM 396 PSF
RM 220,000
Level 1
581 sqft · RM 378 PSF
RM 180,000
Level 5
603 sqft · RM 299 PSF
RM 210,000
Level 3
581 sqft · RM 361 PSF
RM 160,000
Level 3
581 sqft · RM 275 PSF
RM 140,000
Level 4
581 sqft · RM 241 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM 195,000

RM 330 psf

Median transaction price

R/Pangsa Kos Rendah Sungai. Nibong in Timur Laut, Penang recorded 6 subsale transactions in 2024, with a median price of RM 195K and a median price per square foot (PSF) of RM 330.

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 195K, with most transactions falling within a stable range of RM 162K to RM 228K, and a typical market range of RM 170K to RM 220K.

Most transactions involved low-cost flat, with minimal variety in property types.

The median PSF stands at RM 330, with core pricing between RM 273 and RM 387. Market pricing typically extends from RM 286.95 to RM 372.95, reflecting moderate variation in unit pricing. The spread of RM 86.00 (IQR) and deviation of RM 57 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.