Taman Industri Nibong Tebal
Nibong Tebal, Penang, Malaysia
Nibong Tebal, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Perindustrian Nibong Tebal 1
|
RM 460,000
|
RM 202
|
2,282 sqft
|
|
|
Jalan P'industrian Nt 1
|
RM 530,000
|
RM 225
|
2,357 sqft
|
|
|
|
Jlnn Perindustrian Nibong Tebal 1
|
RM 1,030,000
|
RM 437
|
2,357 sqft
|
|
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Market Snapshot
CommercialRM 530,000
RM 225 psfMedian transaction price
Nibong Tebal, Penang, Malaysia
MapsTaman Industri Nibong Tebal in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2024, with a median price of RM 530K and a median price per square foot (PSF) of RM 225.
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 530K, with most transactions falling within a stable range of RM 460K to RM 784K, and a typical market range of RM 483K to RM 577K.
Most transactions involved terraced factory/warehouse, with minimal variety in property types.
Price per square foot shows a median of RM 225, though individual units vary from RM 119 to RM 331 in the core range. The broader market spans RM 190.08 to RM 259.58, indicating diverse property characteristics. A wider spread (IQR: RM 69.50) and deviation (MAD: RM 106) indicate significant PSF variations, likely due to diverse property types or conditions.
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.