Bandar Nibong Tebal
Nibong Tebal, Penang, Malaysia
Nibong Tebal, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Besar
|
RM 340,000
|
RM 304
|
1,119 sqft
|
|
|
Jalan Atas
|
RM 350,000
|
RM 254
|
1,378 sqft
|
|
|
Jalan Atas
|
RM 450,000
|
RM 310
|
1,453 sqft
|
|
|
Jalan Atas
|
RM 350,000
|
RM 144
|
2,433 sqft
|
|
|
Jalan Besar
|
RM 500,000
|
RM 147
|
3,391 sqft
|
|
1-Sty Shop |
|
Jalan Atas
|
RM 325,000
|
RM 96
|
3,380 sqft
|
|
2-Sty Shop |
|
Jalan Atas
|
RM 892,000
|
RM 235
|
3,800 sqft
|
|
|
|
Jalan Atas
|
RM 908,000
|
RM 239
|
3,800 sqft
|
|
|
Jalan Baru
|
RM 852,000
|
RM 98
|
8,676 sqft
|
|
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Market Snapshot
RM 117,500
RM 105 psfMedian transaction price
RM 450,000
RM 235 psfMedian transaction price
Nibong Tebal, Penang, Malaysia
MapsBandar Nibong Tebal in Seberang Perai Selatan, Penang recorded 9 subsale transactions in 2022, with a median price of RM 450K and a median price per square foot (PSF) of RM 235.
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 450K, with most transactions falling within a stable range of RM 325K to RM 691K, and a typical market range of RM 325K to RM 585K.
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 235, though individual units vary from RM 156 to RM 313 in the core range. The broader market spans RM 151.76 to RM 317.76, indicating diverse property characteristics. A wider spread (IQR: RM 166.00) and deviation (MAD: RM 78) 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.