Penang
Seberang Perai Selatan
11
TAMAN INDUSTRI NIBONG TEBAL

TAMAN INDUSTRI NIBONG TEBAL

Area Intelligence

2022

Median Price

RM 577,500

PSF: RM 350

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Commercial PSF Trends

Median Price

RM 577,500

RM 350 PSF

TAMAN INDUSTRI NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2022, with a median price of RM 578K and a median price per square foot (PSF) of RM 350.

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

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved terraced factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM 350, with most transactions between RM 350 and RM 350. The usual range is RM 314.75 to RM 384.25, showing that most units are priced quite close to each other. With an IQR of RM 69.50 and MAD of RM 0, 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.

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TAMAN INDUSTRI NIBONG TEBAL, Seberang Perai Selatan, Penang

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