Penang
Seberang Perai Selatan
11
TAMAN NIBONG TEBAL

TAMAN NIBONG TEBAL

Area Intelligence

2022

Median Price

RM 282,500

PSF: RM 157

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Residential PSF Trends

Median Price

RM 282,500

PSF: RM 157

Commercial PSF Trends

Median Price

RM 375,000

RM 306 PSF

TAMAN NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2022, with a median price of RM 283K and a median price per square foot (PSF) of RM 157.

This area contains both residential and commercial properties. View 6 residential properties or 1 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 157, with most transactions between RM 157 and RM 157. The usual range is RM 137.25 to RM 175.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 38.50 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.

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.

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TAMAN NIBONG TEBAL, Seberang Perai Selatan, Penang

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