Bandar Nibong Tebal
Nibong Tebal, Penang, Malaysia
Nibong Tebal, Penang, Malaysia
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Market Snapshot
ResidentialRM 400,000
RM 143 psfMedian transaction price
Nibong Tebal, Penang, Malaysia
MapsBandar Nibong Tebal in Seberang Perai Selatan, Penang recorded 2 subsale transactions between 2021 and 2026, with a median price of RM 425K and a median price per square foot (PSF) of RM 143.
This area consists exclusively of residential properties, with no commercial listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 425K, with most transactions falling within a stable range of RM 400K to RM 450K, and a typical market range of RM 413K to RM 438K.
Most transactions involved 2 - 2 1/2 storey semi-detached, with moderate diversity in property types available.
For price per square foot, the median is RM 143, with most transactions between RM 131 and RM 155. The usual range is RM 136.87 to RM 148.87, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 12.00 and an average deviation (MAD) of RM 12 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.