Penang, Seberang Perai Tengah, Mukit Mertajam

SUNWAY WELLESLEY 2

Area Intelligence

2022

Median Price

RM 524,000

PSF: RM 331

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Residential PSF Trends

Median Price

RM 524,000

PSF: RM 331

SUNWAY WELLESLEY 2 in Seberang Perai Tengah, Penang recorded 7 subsale transactions in 2022, with a median price of RM 524K and a median price per square foot (PSF) of RM 331.

This area contains both residential and commercial properties. View 26 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 524K, with most transactions falling within a stable range of RM 507K to RM 500K, and a typical market range of RM 463K to RM 500K.

Most transactions involved town house, with moderate diversity in property types available.

For price per square foot, the median is RM 331, with most transactions between RM 322 and RM 340. The usual range is RM 308.25 to RM 353.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 45.50 and an average deviation (MAD) of RM 9 indicate a highly stable PSF trend across properties.

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.

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SUNWAY WELLESLEY 2, Seberang Perai Tengah, Penang

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Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

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RM 500,000

Level 1

1,647 sqft • RM 304.00 PSF

Aug 2022

RM 463,000

Level 1

1,615 sqft • RM 287.00 PSF

Jun 2022

RM 497,000

Level 1

1,625 sqft • RM 306.00 PSF

May 2022

Road	Price	Land PSF	Land	Date	Type
Level 1	RM 500,000	RM 304.00	1,647 sqft	Aug 2022	Town House
Level 1	RM 463,000	RM 287.00	1,615 sqft	Jun 2022	Town House
Level 1	RM 497,000	RM 306.00	1,625 sqft	May 2022	Town House