Data-quality note: 4 fields on this guide are unverified or pending Zac's direct input — see "Sources & gaps" at the bottom of this page for the full list.
Penang Island
Sungai Nibong
Bridge-end commuter belt — fastest island exit, densest mid-rise pipeline
Condo PSF
RM 320–753
Avg Yield
5%
Avg Rent (condo)
RM 1,600
Active projects
0
What is the average PSF in Sungai Nibong in 2026?
The average condo PSF in Sungai Nibong is roughly RM320–753 as of 2026, based on NAPIC/Brickz-checked benchmarks for the area.
- Condo PSF rangeRM 320–753
- Gross rental yield5%
- Avg. condo rentRM 1,600/mo
Character
South-central Penang Island pocket sitting directly at the Penang Bridge toll interchange. Predominantly mid-rise condos with a smattering of older landed. The area's calling card is unmatched bridge access — off-peak, mainland is 20 minutes away. Pricing sits sharply below equivalent north-island stock, making it the de-facto entry point for island-address buyers on a budget.
Lifestyle scorecard
Zac's honest 1–10 rating across the dimensions buyers care about most.
✅ Pros
- Closest island residential cluster to Penang Bridge — peak-hour avoidance possible by timing
- PSF floor (RM320–520) is among the lowest on Penang Island for condo stock
- Planned Mutiara LRT Sungai Nibong Station (S10) is a confirmed funded station on the alignment
- Strong rental demand from FIZ and mainland-commuter professionals keeps yields above 4.5%
- Queensbay Mall and AEON Bukit Jambul within 10 minutes
⚠️ Cons
- Penang Bridge toll interchange causes severe peak-hour congestion on Jalan Sungai Nibong
- Limited international school options nearby; families with children typically drive 20+ min
- Industrial and bridge-infrastructure noise in some blocks
- Older projects in the area suffer from deferred maintenance and weaker facilities
Transaction benchmark
trailing 12 months (reference brickz.my for current data)Median PSF (all-residential)
RM null
Sample
Sungai Nibong is not a separately published NAPIC locality; project-level Brickz transaction data should be used
25th–75th percentile range: Indicative RM280,000–RM650,000 across mid-rise leasehold condo stock (asking-price basis, PropertyGuru/iProperty)
NAPIC does not publish locality-level sub-sale PSF for Sungai Nibong. Use Brickz.my project-level transaction searches for verifiable transacted data. Asking-price PSF range RM320–520 sourced from PropertyGuru and iProperty active listings.
Sources
For unit-by-unit recent transactions on any specific Sungai Nibong project, ask Zac for the latest →
📈 LRT S10 station is the key re-rating event; leasehold and toll-congestion remain structural overhangs
Verifiable upcoming events from named, dated announcements — not price speculation.
- Mutiara LRT Sungai Nibong Station (S10) is a confirmed, funded stop on the island alignment. Construction activity is expected to cause traffic disruption in the medium term but should deliver a meaningful transit premium to the nearest projects once operational — estimated earliest opening 2030+.
- Penang Bridge toll restructuring and wider second-bridge traffic distribution will determine whether the peak-hour congestion overhang on Jalan Sungai Nibong eases. No policy change has been announced as of mid-2026.
- New supply pipeline in the wider Bayan Lepas / Sungai Nibong belt remains active. Leasehold new launches are pricing in the RM400–550K range, sustaining entry-level demand but keeping capital appreciation muted versus freehold corridors.
Every project in Sungai Nibong, priced
All 5 tracked projects — 0 selling, 5 trading sub-sale. Rendered from our project records, so a correction updates this table everywhere it appears.
There is no active launch in Sungai Nibong right now. Everything here trades sub-sale.
Sub-sale — 5 projects
| Project | Price | PSF | Tenure | Land title | Built | Status |
|---|---|---|---|---|---|---|
| Casa Anggun | RM460K | 360 | Freehold | confirm | 2018 | sub-sale |
| Iconic Regency | RM490K–RM950K | 817–1118 | Freehold | Commercial | 2024 | sub-sale |
| Novus | RM530K | 616–753 | Freehold | confirm | 2020 | sub-sale |
| Celesta Residency | RM635K | 620 | Freehold | confirm | 2022 | sub-sale |
| The Sun @ Sungai Nibong | RM650K | 500 | Freehold | Commercial | 2022 | sub-sale |
Price bands
Foreign buyers
1 of 5 have at least one unit clearing the RM1M island minimum. 4 do not: Casa Anggun, Iconic Regency, Novus, The Sun @ Sungai Nibong. The threshold never varies by title class.
Title & tenure
- 2 on commercial title — lower LTV ceiling, commercial utility and quit-rent tariffs: Iconic Regency, The Sun @ Sungai Nibong.
- 3 have no land title on record. Confirm it in writing before committing — it changes your financing.
Narrow it down
Filtered views of Sungai Nibong stock — each one a live list, not a static page.
Projects in Sungai Nibong
0 selling · 0 upcoming · 5 completed
Hero photo: Wikimedia Commons contributor (verify exact uploader on file page) · CC-BY-SA-4.0 (verify on file page before use)
Sources & data gaps (4)
Honest list of what couldn't be verified from public sources for this area (research completed 2026-06-25). These need Zac's direct input.
- •No clean Brickz.my locality-aggregate median for Sungai Nibong; project-level searches required.
- •No quantitative congestion index for Jalan Sungai Nibong / toll interchange; qualitative characterisation only.
- •LRT S10 station exact walking-distance to specific projects not published; implied from alignment map only.
- •No Reddit r/penang or Lowyat thread with substantive Sungai-Nibong-specific buyer questions surfaced.