Penang
Seberang Perai Selatan
11
TAMAN INDUSTRI NIBONG TEBAL

TAMAN INDUSTRI NIBONG TEBAL

Area Intelligence

2022

Median Price

RM 525,000

PSF: RM 397

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Commercial PSF Trends

Median Price

RM 525,000

RM 397 PSF

TAMAN INDUSTRI NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2022, with a median price of RM 525K and a median price per square foot (PSF) of RM 397.

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 525K, with most transactions falling within a stable range of RM 431K to RM 619K, and a typical market range of RM 478K to RM 572K.

Most transactions involved terraced factory/warehouse, with minimal variety in property types.

The median PSF stands at RM 397, with core pricing between RM 326 and RM 468. Market pricing typically extends from RM 362.25 to RM 431.75, reflecting moderate variation in unit pricing. The spread of RM 69.50 (IQR) and deviation of RM 71 (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.

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TAMAN INDUSTRI NIBONG TEBAL, Seberang Perai Selatan, Penang

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Transactions

3 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

1,300 sqft

Terraced Factory

1,300 sqft

Terraced Factory

RM 630,000

JALAN PERINDUSTRIAN NIBONG TEBAL 1

1,324 sqft · RM 476 PSF

Dec 2022

RM 400,000

JALAN PERINDUSTRIAN NIBONG TEBAL 1

1,324 sqft · RM 302 PSF

Jun 2022

RM 525,000

JALAN PERINDUSTRIAN NIBONG TEBAL 1

1,324 sqft · RM 397 PSF

Mar 2022

JALAN PERINDUSTRIAN NIBONG TEBAL 1	RM 630,000	RM 476	1,324 sqft	Dec 2022
JALAN PERINDUSTRIAN NIBONG TEBAL 1	RM 400,000	RM 302	1,324 sqft	Jun 2022
JALAN PERINDUSTRIAN NIBONG TEBAL 1	RM 525,000	RM 397	1,324 sqft	Mar 2022