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

TAMAN WELLESLEY (SUNGAI. BAKAP)

Area Intelligence

2023

Median Price

RM 475,000

PSF: RM 48

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Residential PSF Trends

Median Price

RM 475,000

PSF: RM 48

TAMAN WELLESLEY (SUNGAI. BAKAP) in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2023, with a median price of RM 475K and a median price per square foot (PSF) of RM 48.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 475K, with most transactions falling within a stable range of RM 300K to RM 650K, and a typical market range of RM 371K to RM 579K.

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

Price per square foot shows a median of RM 48, though individual units vary from RM 30 to RM 66 in the core range. The broader market spans RM 36.38 to RM 59.63, indicating diverse property characteristics. A wider spread (IQR: RM 23.25) and deviation (MAD: RM 18) 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. Some price volatility exists, making thorough market research essential before transacting. 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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