TAMAN WELLESLEY (SUNGAI. BAKAP)

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. The median price is RM 420K, with most transactions falling within a stable range of RM 340K to RM 500K, and a typical market range of RM 340K to RM 500K.

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

The median PSF stands at RM 50, with core pricing between RM 40 and RM 59. Market pricing typically extends from RM 37.88 to RM 61.13, reflecting moderate variation in unit pricing. The spread of RM 23.25 (IQR) and deviation of RM 10 (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.