R/Pangsa Kos Rendah Sungai. Nibong in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM180K and a median price per square foot (PSF) of RM310.

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 RM180K, with most transactions falling within a stable range of RM126K to RM232K, and a typical market range of RM155K to RM205K.

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

Price per square foot shows a median of RM310, though individual units vary from RM214 to RM406 in the core range. The broader market spans RM266.68 to RM352.68, indicating diverse property characteristics. A wider spread (IQR: RM86.00) and deviation (MAD: RM96) 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.