SUNGAI NIBONG

Penang, Malaysia

26
Properties within neighbourhood
3
Convenience Store
1
Shopping Malls
1
Supermarkets & Markets
0
Public Transport
2
Educations
4
Places of Worship
2
Medicals
5
Banks
3
Petrol Station

average

Crime Level

Bayan Lepas Expressway

Highways

NIL

Upcoming Developments
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About This Map

Transacted Prices

This is a representation of historical transaction prices within the neighbourhood, categorised by non-landed (condominium, serviced apartment, apartment), landed (townhouse, terrace, bungalow, semi-detached, house) and commercial (office, shop).

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Transacted Prices will give you an idea of the neighbourhood’s property price trend.

Analysis & Comparison

Analysis and comparison of average transaction, for sale and for rent prices for landed, non-landed and commercial properties within Sungai Nibong *

* To provide you the most accurate information some columns may appear as ‘Insufficient Data’ due to insufficient transactions in the area

Non-Landed Landed Commercial
Avg Transacted Price
Avg Transacted Price(Psf)
Avg For Sale Listing Price
Avg For Sale Listing Price(Psf)
Avg For Rent Listing Price
Avg For Rent Listing Price(Psf)

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Neighbourhood Review

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Sungai Nibong is a neighbourhood situated on the east side of the Penang Island. Its name is taken from the name of the river flowing through the area, which had nibung palms growing on its banks. While the area does not have the glamorous or ritzy atmosphere of some other neighbourhoods, for example Gurney Drive or Batu Ferringhi, Sungai Nibong is still favoured by buyers or investors looking for residential units in a convenient location.

SInce 2005, Sungai Nibong (also spelled Sungai Nibung) has been the arrival and departure point for buses traveling to and from other parts of Peninsular Malaysia. In the late 1960s, the neighbourhood was also selected as the spot of the annual Pesta Pulau Pinang (or Penang Festival). Usually lasting for several months, the trade expo and festival features cultural activities, food fairs, art and craft bazaars and a family carnival.

Sungai Nibong has a mixture of residential and commercial properties. Krystal Point, the Krystal Point Corporate Park and Ideal Avenue are examples of commercial complexes that can be found here. The residential developments in Sungai Nibong range from medium-cost apartments to residential-cum-commercial developments, to luxury condominiums and landed properties.

Amenities are easily available in the vicinity of Sungai Nibong and its surroundings. These include eateries, clinics, grocery stores and places of worship. There are several schools in the area too, such as SJK (C) Kwang Hwa, SK Sungai Nibong and SMK Sungai Nibong, in addition to the Straits International School.

Less than 10 minutes away from Sungai Nibong is the Queensbay Mall, which is a hub for food & beverage, entertainment and retail outlets, as well as the Bayan Lepas Free Industrial Zone, Batu Maung industrial area and the link to the Second Penang Bridge.

Sungai Nibong has considerably good connectivity to other parts of Penang with Georgetown located about 11km (or a 20-minute drive) away. The Sungai Nibong Highway stretches from Georgetown to Bayan Lepas, while the Tun Dr Lim Chong Eu Expressway (or Jelutong Expressway) is about 10 minutes away. Public buses that pass through the bus terminal and main roads of the neighbourhood include 101, 102, 301, 303, 304, 307 and 401E.

Consumer Price Index

This is a representation of Penang Consumer Price Index (CPI) for the year of 2011 - 2015

Did you know?

A consumer price index (CPI) measures changes in the price level of a market basket of consumer goods and services purchased by households. (Wikipedia)

The Consumer Price Index (CPI) line shows an increment in prices of essential goods on a yearly basis, while the Percentage Changes line shows the level of changes in price increments over the years. For example, a dip in the CPI line may indicate a low level of price increment as compared to the previous year while a surge in CPI line shows a high level of price increment as compared to the previous year.

The above graph shows 1.742% of price changes in essential goods such as rice, meat and tobacco between the years 2011 and 2012, while increasing in difference to 2.093% in 2013. Prices of essential goods then increasing to 3.169% in the year 2014 while surging by 2.529% in 2015.

While the prices of essential goods have shown a variation in the Percentage Changes, the Consumer Price Index (CPI) on the other hand indicates a reality of ever increasing prices in essential goods with increments between the years 2011 - 2015 at 102.7 in 2011, 105.1 in 2012, 107.3 in 2013, 110.7 in 2014, 113.5 in 2015.

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