Bandar Nibong Tebal
Nibong Tebal, Penang, Malaysia
Nibong Tebal, Penang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2025 | |||||
|
Jalan Besar
|
RM 410,000
|
RM 366
|
1,119 sqft
|
|
1-Sty Shop |
| 2023 | |||||
|
Jalan Besar
|
RM 360,000
|
RM 322
|
1,119 sqft
|
|
1-Sty Shop |
| 2022 | |||||
|
Jalan Besar
|
RM 340,000
|
RM 304
|
1,119 sqft
|
|
1-Sty Shop |
Other Areas in Nibong Tebal
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Market Snapshot
RM 117,500
RM 105 psfMedian transaction price
RM 360,000
RM 322 psfMedian transaction price
Nibong Tebal, Penang, Malaysia
MapsBandar Nibong Tebal in Seberang Perai Selatan, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 1,075 and 1,124 sqft, with a median price of RM 360K and a median price per square foot (PSF) of RM 322.
This area contains both residential and commercial properties. View 4 residential properties or 16 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 360K, with most transactions falling within a stable range of RM 340K to RM 389K, and a typical market range of RM 340K to RM 410K.
Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.
For price per square foot, the median is RM 322, with most transactions between RM 295 and RM 348. The usual range is RM 238.59 to RM 404.59, showing that most units are priced quite close to each other. With an IQR of RM 166.00 and MAD of RM 26, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.