TAMAN NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2023, with a median price of RM 280K and a median price per square foot (PSF) of RM 156.
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. The median price is RM 280K, with most transactions falling within a stable range of RM 250K to RM 332K, and a typical market range of RM 250K to RM 314K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 156, with core pricing between RM 129 and RM 183. Market pricing typically extends from RM 136.75 to RM 175.25, reflecting moderate variation in unit pricing. The spread of RM 38.50 (IQR) and deviation of RM 27 (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.
