Area Intelligence

PDC-SG. NIBONG

2 properties
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Median Price
RM 1,795,000
PSF: RM 1,313

Commercial Market

Median Price

RM 1,795,000

IQR: RM 40
MAD: RM 40
RM 1,313 PSF 5.9%

PSF Trends (2021-2025)

PDC-SG. NIBONG in Timur Laut, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 1.80 million and a median price per square foot (PSF) of RM 1,313.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.80 million, with most transactions falling within a stable range of RM 1.74 million to RM 1.85 million, and a typical market range of RM 1.77 million to RM 1.82 million.

Most transactions involved 2 - 2 1/2 storey shop, with minimal variety in property types.

For price per square foot, the median is RM 1,313, with most transactions between RM 1,273 and RM 1,353. The usual range is RM 1,293.00 to RM 1,333.00, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 40.00 and an average deviation (MAD) of RM 40 indicate a highly stable PSF trend across properties.

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.

Area Location

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PDC-SG. NIBONG, Timur Laut, Penang

OSM

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Transactions

2 properties grouped by size

1,350 sqft
2 units Double Storey Shop
RM 1,740,000
LEBUH NIPAH 5
1,367 sqft · RM 1,273.00 PSF
Dec 2022
RM 1,850,000
LEBUH NIPAH 5
1,367 sqft · RM 1,353.00 PSF
Jul 2021