BANDAR NIBONG TEBAL

BANDAR NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2024, with a median price of RM 230K and a median price per square foot (PSF) of RM 129.

This area contains both residential and commercial properties. View 3 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 230K, with most transactions falling within a stable range of RM 230K to RM 279K, and a typical market range of RM 230K to RM 335K.

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 129, with most transactions between RM 129 and RM 129. The usual range is RM 43.63 to RM 214.38, showing that most units are priced quite close to each other. With an IQR of RM 170.75 and MAD of RM 0, 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.