Penang, Seberang Perai Tengah, Mukit Mertajam

SUNWAY WELLESLEY 2

Area Intelligence

2023

Median Price

RM 550,000

PSF: RM 336

Facebook X (Twitter)

Residential PSF Trends

Median Price

RM 550,000

PSF: RM 336

SUNWAY WELLESLEY 2 in Seberang Perai Tengah, Penang recorded 7 subsale transactions in 2023, with a median price of RM 550K and a median price per square foot (PSF) of RM 336.

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 550K, with most transactions falling within a stable range of RM 549K to RM 500K, and a typical market range of RM 498K to RM 500K.

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

For price per square foot, the median is RM 336, with most transactions between RM 334 and RM 339. The usual range is RM 313.25 to RM 358.75, 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 3 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.

Loading map...

SUNWAY WELLESLEY 2, Seberang Perai Tengah, Penang

OSM