TAMAN WELLESLEY (BW/S.2) in Seberang Perai Utara, Penang recorded 1 subsale transactions in 2023, with a median price of RM 1.20 million and a median price per square foot (PSF) of RM 930.
This area contains both residential and commercial properties. View 1 residential properties or 1 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.20 million, with most transactions falling within a stable range of RM 860K to RM 1.54 million, and a typical market range of RM 1.03 million to RM 1.37 million.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
Price per square foot shows a median of RM 930, though individual units vary from RM 637 to RM 1,224 in the core range. The broader market spans RM 783.25 to RM 1,076.75, indicating diverse property characteristics. A wider spread (IQR: RM 293.50) and deviation (MAD: RM 294) 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.
