Bandar Nibong Tebal

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 64 to RM 246 in the core range. The broader market spans RM 71.84 to RM 237.84, indicating diverse property characteristics. A wider spread (IQR: RM 166.00) and deviation (MAD: RM 91) 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.