TAMAN WELLESLEY (BW/S.2) in Seberang Perai Utara, Penang recorded 0 Office Lot properties subsale transactions between 2021 and 2025 for office lot properties, with a median price of RM 860K and a median price per square foot (PSF) of RM 637.
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 860K, with most transactions falling within a stable range of RM 520K to RM 1.20 million, and a typical market range of RM 690K to RM 1.03 million.
Within the Office Lot category, 2 - 2 1/2 storey terraced dominated the market, with moderate diversity in property types available.
Price per square foot shows a median of RM 637, though individual units vary from RM 343 to RM 930 in the core range. The broader market spans RM 489.75 to RM 783.25, 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.
