Penang
Seberang Perai Selatan
4
TAMAN WELLESLEY (SUNGAI. BAKAP)

TAMAN WELLESLEY (SUNGAI. BAKAP)

Area Intelligence

2022

Median Price

RM 420,000

PSF: RM 50

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Residential PSF Trends

Median Price

RM 420,000

PSF: RM 50

TAMAN WELLESLEY (SUNGAI. BAKAP) in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2022, with a median price of RM 420K and a median price per square foot (PSF) of RM 50.

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

Price remained flat, and PSF growth was PSF remained flat.

Most transactions involved detached, with minimal variety in property types.

For price per square foot, the median is RM 50, with most transactions between RM 50 and RM 50. The usual range is RM 37.88 to RM 61.13, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 23.25 and an average deviation (MAD) of RM 0 indicate a highly stable PSF trend across properties.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN WELLESLEY (SUNGAI. BAKAP), Seberang Perai Selatan, Penang

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