TAMAN NIBONG TEBAL JAYA

Area Intelligence
2023
Median Price
RM 80,000
PSF: RM 122

Residential PSF Trends

Median Price

RM 80,000

PSF: RM 122

Commercial PSF Trends

Median Price

RM 480,000

RM 230 PSF

TAMAN NIBONG TEBAL JAYA in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2023, with a median price of RM 80K and a median price per square foot (PSF) of RM 122.

This area contains both residential and commercial properties. View 24 residential properties or 2 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 80K, with most transactions falling within a stable range of RM 78K to RM 95K, and a typical market range of RM 78K to RM 110K.

Most transactions involved low-cost flat, with high diversity across multiple property types.

The median PSF stands at RM 122, with core pricing between RM 107 and RM 137. Market pricing typically extends from RM 69.25 to RM 174.75, reflecting moderate variation in unit pricing. With an IQR of RM 105.50 and MAD of RM 15, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN NIBONG TEBAL JAYA, Seberang Perai Selatan, Penang

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Transactions

3 transactions grouped by size

650 sqft
Low-Cost Flat
RM 80,000
Level 5
657 sqft · RM 122 PSF
RM 78,000
Level 5
657 sqft · RM 119 PSF
700 sqft
Low-Cost Flat
RM 110,000
Level 3
721 sqft · RM 153 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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