BANDAR NIBONG TEBAL

Area Intelligence
2023
Median Price
RM 360,000
PSF: RM 155

Residential PSF Trends

Median Price

RM 150,000

PSF: RM 130

Commercial PSF Trends

Median Price

RM 538,500

RM 271 PSF

BANDAR NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 7 subsale transactions in 2023, with a median price of RM 360K and a median price per square foot (PSF) of RM 155.

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 102K to RM 618K, and a typical market range of RM 225K to RM 495K.

Most transactions involved 2 - 2 1/2 storey shop, with high diversity across multiple property types.

Price per square foot shows a median of RM 155, though individual units vary from RM 8 to RM 302 in the core range. The broader market spans RM 72.00 to RM 238.00, indicating diverse property characteristics. A wider spread (IQR: RM 166.00) and deviation (MAD: RM 147) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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BANDAR NIBONG TEBAL, Seberang Perai Selatan, Penang

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Transactions

7 transactions grouped by size

550 sqft
Low-Cost Flat
RM 85,000
Level 3
549 sqft · RM 155 PSF
1,200 sqft
Single Storey Shop
RM 360,000
JALAN BESAR
1,221 sqft · RM 295 PSF
1,300 sqft
3-Storey Shop
RM 665,000
JALAN NURI
1,281 sqft · RM 519 PSF
1,700 sqft
Double Storey Shop
RM 412,000
JALAN ATAS
1,677 sqft · RM 246 PSF
1,800 sqft
Single Storey Semi-D
RM 230,000
JALAN TONGHAI
1,776 sqft · RM 130 PSF
3,950 sqft
Bungalow
RM 150,000
JALAN SUNGAI DAUN
3,961 sqft · RM 38 PSF
7,300 sqft
Single Storey Shop
RM 852,000
JALAN BARU
7,288 sqft · RM 117 PSF

No Properties For Sale

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

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