Area Intelligence

SUNWAY WELLESLEY 2

18 properties
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Median Price
RM 547,500
PSF: RM 334

Residential Market

Median Price

RM 547,500

IQR: RM 48
MAD: RM 23
RM 334 PSF 2.3%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 2,300,000

RM 1,484 PSF

PSF Trends (2021-2025)

SUNWAY WELLESLEY 2 in Seberang Perai Tengah, Penang recorded 18 subsale transactions between 2021 and 2025, with a median price of RM 548K and a median price per square foot (PSF) of RM 334.

This area contains both residential and commercial properties. View 25 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 548K, with most transactions falling within a stable range of RM 504K to RM 591K, and a typical market range of RM 463K to RM 630K.

Most transactions involved town house, though some variety exists in the market.

For price per square foot, the median is RM 334, with most transactions between RM 308 and RM 359. The usual range is RM 309.63 to RM 357.38, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 47.75 and an average deviation (MAD) of RM 26 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.

Area Location

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SUNWAY WELLESLEY 2, Seberang Perai Tengah, Penang

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Transactions

18 properties grouped by size

1,600 sqft
2 units Town House
RM 498,000
1,604 sqft · RM 311.00 PSF
May 2023
RM 463,000
1,615 sqft · RM 287.00 PSF
Jun 2022
1,650 sqft
16 units (showing 6) Town House
RM 585,000
1,647 sqft · RM 355.00 PSF
Oct 2024
RM 580,000
1,625 sqft · RM 357.00 PSF
Sep 2024
RM 538,000
1,647 sqft · RM 327.00 PSF
Aug 2024
RM 560,000
1,636 sqft · RM 342.00 PSF
Aug 2024
RM 600,000
1,647 sqft · RM 364.00 PSF
Jul 2024
RM 499,000
1,625 sqft · RM 307.00 PSF
Jul 2024