TMN INDUSTRI NIBONG TEBAL

TMN INDUSTRI NIBONG TEBAL in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2022, with a median price of RM 578K and a median price per square foot (PSF) of RM 350.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 578K, with most transactions falling within a stable range of RM 448K to RM 707K, and a typical market range of RM 479K to RM 676K.

Most transactions involved terraced factory/warehouse, with minimal variety in property types.

Price per square foot shows a median of RM 350, though individual units vary from RM 263 to RM 436 in the core range. The broader market spans RM 311.50 to RM 387.50, indicating diverse property characteristics. The spread of RM 76.00 (IQR) and deviation of RM 87 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.