Penang
Seberang Perai Selatan
11
TAMAN INDUSTRI NIBONG TEBAL

TAMAN INDUSTRI NIBONG TEBAL

Area Intelligence

2024

Median Price

RM 530,000

PSF: RM 362

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Commercial PSF Trends

Median Price

RM 530,000

RM 362 PSF

TAMAN INDUSTRI NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2024, with a median price of RM 530K and a median price per square foot (PSF) of RM 362.

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 530K, with most transactions falling within a stable range of RM 460K to RM 784K, and a typical market range of RM 483K to RM 577K.

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

For price per square foot, the median is RM 362, with most transactions between RM 338 and RM 386. The usual range is RM 327.25 to RM 396.75, showing that most units are priced quite close to each other. With an IQR of RM 69.50 and MAD of RM 24, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN INDUSTRI NIBONG TEBAL, Seberang Perai Selatan, Penang

OSM

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Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 530,000

JALAN P'INDUSTRIAN NT 1

1,324 sqft • RM 400.00 PSF

Aug 2024

RM 1,030,000

JLNN PERINDUSTRIAN NIBONG TEBAL 1

3,003 sqft • RM 343.00 PSF

Aug 2024

RM 460,000

JALAN PERINDUSTRIAN NIBONG TEBAL 1

1,270 sqft • RM 362.00 PSF

Jun 2024

Road	Price	Land PSF	Land	Date	Type
JALAN P'INDUSTRIAN NT 1	RM 530,000	RM 400.00	1,324 sqft	Aug 2024	Terraced Factory
JLNN PERINDUSTRIAN NIBONG TEBAL 1	RM 1,030,000	RM 343.00	3,003 sqft	Aug 2024	Terraced Factory
JALAN PERINDUSTRIAN NIBONG TEBAL 1	RM 460,000	RM 362.00	1,270 sqft	Jun 2024	Terraced Factory