Bandar Nibong Tebal
Nibong Tebal, Penang, Malaysia
Nibong Tebal, Penang, Malaysia
Other Areas in Nibong Tebal
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Market Snapshot
RM 117,500
RM 105 psfMedian transaction price
RM 900,000
RM 237 psfMedian transaction price
Nibong Tebal, Penang, Malaysia
MapsBandar Nibong Tebal in Seberang Perai Selatan, Penang recorded 2 subsale transactions between 2021 and 2026, sized between 3,775 and 3,824 sqft, with a median price of RM 900K and a median price per square foot (PSF) of RM 237.
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 900K, with most transactions falling within a stable range of RM 892K to RM 908K, and a typical market range of RM 892K to RM 908K.
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 237, with most transactions between RM 235 and RM 239. The usual range is RM 153.86 to RM 319.86, showing that most units are priced quite close to each other. With an IQR of RM 166.00 and MAD of RM 2, the PSF demonstrates reasonable consistency across the market.
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.