TAMAN NIBONG TEBAL

Area Intelligence
2024
Median Price
RM 507,500
PSF: RM 220

Residential PSF Trends

Median Price

RM 640,000

PSF: RM 134

Commercial PSF Trends

Median Price

RM 375,000

RM 306 PSF

TAMAN NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2024, with a median price of RM 508K and a median price per square foot (PSF) of RM 220.

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 508K, with most transactions falling within a stable range of RM 473K to RM 543K, and a typical market range of RM 474K to RM 541K.

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 220, with most transactions between RM 201 and RM 239. The usual range is RM 200.75 to RM 239.25, 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 19 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN NIBONG TEBAL, Seberang Perai Selatan, Penang

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Transactions

2 transactions grouped by size

1,250 sqft
Double Storey Shop
RM 375,000
JALAN OOI KAR SENG
1,227 sqft · RM 306 PSF
4,750 sqft
Single Storey Semi-D
RM 640,000
LENGKOK BAYAN
4,768 sqft · RM 134 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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