SUNWAY WELLESLEY @ PRECINT 3

SUNWAY WELLESLEY @ PRECINT 3 in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 725K and a median price per square foot (PSF) of RM 501.

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 725K, with most transactions falling within a stable range of RM 590K to RM 1.17 million, and a typical market range of RM 590K to RM 1.06 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 501, though individual units vary from RM 338 to RM 663 in the core range. The broader market spans RM 364.88 to RM 636.13, indicating diverse property characteristics. A wider spread (IQR: RM 271.25) and deviation (MAD: RM 162) 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.