Penang, Seberang Perai Tengah, Mukit Mertajam

SUNWAY WELLESLEY 2

Area Intelligence

2021

Median Price

RM 490,000

PSF: RM 299

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Residential PSF Trends

Median Price

RM 490,000

PSF: RM 299

SUNWAY WELLESLEY 2 in Seberang Perai Tengah, Penang recorded 1 subsale transactions in 2021, with a median price of RM 490K and a median price per square foot (PSF) of RM 299.

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.

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

For price per square foot, the median is RM 299, with most transactions between RM 299 and RM 299. The usual range is RM 276.25 to RM 321.75, 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 0 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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