Penang
Seberang Perai Selatan
11
TAMAN NIBONG TEBAL JAYA

TAMAN NIBONG TEBAL JAYA

Area Intelligence

2023

Median Price

RM 300,000

PSF: RM 223

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Residential PSF Trends

Median Price

RM 300,000

PSF: RM 223

Commercial PSF Trends

Median Price

RM 480,000

RM 230 PSF

TAMAN NIBONG TEBAL JAYA in Seberang Perai Selatan, Penang recorded 1 subsale transactions in 2023, with a median price of RM 300K and a median price per square foot (PSF) of RM 223.

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.

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

For price per square foot, the median is RM 223, with most transactions between RM 223 and RM 223. The usual range is RM 170.25 to RM 275.75, showing that most units are priced quite close to each other. With an IQR of RM 105.50 and MAD of RM 0, 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 NIBONG TEBAL JAYA, Seberang Perai Selatan, Penang

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