TAMAN INDUSTRI NIBONG TEBAL

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. The median price is RM 578K, with most transactions falling within a stable range of RM 523K to RM 633K, and a typical market range of RM 531K to RM 624K.

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 315 and RM 384. 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 35, 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.