Taman Industri Nibong Tebal

Nibong Tebal, Penang, Malaysia

Property Transactions

4 subsales grouped by size

Median
RM 577,500
PSF
RM 245
Price Size
Period
transactions middle 50% (P25–P75)
2,350 sqft
Terrace Factory
RM 630,000
Jalan Perindustrian Nibong Tebal 1
2,357 sqft · RM 267 PSF
RM 400,000
Jalan Perindustrian Nibong Tebal 1
2,357 sqft · RM 170 PSF
RM 750,000
Jalan Perindustrian Nibong Tebal 1
2,357 sqft · RM 318 PSF
RM 525,000
Jalan Perindustrian Nibong Tebal 1
2,357 sqft · RM 223 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Commercial

RM 577,500

RM 245 psf

Median transaction price

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 245.

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 245, though individual units vary from RM 190 to RM 300 in the core range. The broader market spans RM 210.23 to RM 279.73, indicating diverse property characteristics. The spread of RM 69.50 (IQR) and deviation of RM 55 (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.