Medan Nipah
13, Medan Nipah, Bayan Lepas, 11900 Bayan Lepas, Pulau Pinang, Malaysia
13, Medan Nipah, Bayan Lepas, 11900 Bayan Lepas, Pulau Pinang, Malaysia
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Medan Nipah
PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
ResidentialRM300,000
RM429 psfMedian transaction price
13, Medan Nipah, Bayan Lepas, 11900 Bayan Lepas, Pulau Pinang, Malaysia
MapsMedan Nipah in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM300K and a median price per square foot (PSF) of RM429.
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 RM300K, with most transactions falling within a stable range of RM280K to RM320K, and a typical market range of RM281K to RM319K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM429, with most transactions between RM400 and RM457. The usual range is RM401.75 to RM455.25, showing that most units are priced quite close to each other. With an IQR of RM53.50 and MAD of RM29, 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.