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 448K to RM 707K, and a typical market range of RM 531K to RM 624K.
Most transactions involved terraced factory/warehouse, with minimal variety in property types.
Price per square foot shows a median of RM 350, though individual units vary from RM 263 to RM 436 in the core range. The broader market spans RM 314.75 to RM 384.25, indicating diverse property characteristics. The spread of RM 69.50 (IQR) and deviation of RM 87 (MAD) suggest moderate price variations reflecting different property features.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.
