Penang, Seberang Perai Tengah, Mukit Mertajam

SUNWAY WELLESLEY 2

Area Intelligence

2022

Median Price

RM 512,000

PSF: RM 319

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Residential PSF Trends

Median Price

RM 512,000

PSF: RM 319

SUNWAY WELLESLEY 2 in Seberang Perai Tengah, Penang recorded 6 subsale transactions in 2022, with a median price of RM 512K and a median price per square foot (PSF) of RM 319.

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 512K, with most transactions falling within a stable range of RM 476K to RM 548K, and a typical market range of RM 463K to RM 570K.

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

For price per square foot, the median is RM 319, with most transactions between RM 296 and RM 341. The usual range is RM 295.75 to RM 341.25, 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 22 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

6 transactions grouped by size

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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Road	Price	Land PSF	Land	Date	Type

1,600 sqft

Town House

1,600 sqft

Town House

RM 463,000

Level 1

1,615 sqft · RM 287 PSF

Jun 2022

RM 524,000

Level G

1,582 sqft · RM 331 PSF

Mar 2022

Level 1	RM 463,000	RM 287	1,615 sqft	Jun 2022
Level G	RM 524,000	RM 331	1,582 sqft	Mar 2022

1,650 sqft

Town House

1,650 sqft

Town House

RM 570,000

Level G

1,625 sqft · RM 351 PSF

Dec 2022

RM 552,000

Level 1

1,636 sqft · RM 337 PSF

Sep 2022

RM 500,000

Level 1

1,647 sqft · RM 304 PSF

Aug 2022

RM 497,000

Level 1

1,625 sqft · RM 306 PSF

May 2022

Level G	RM 570,000	RM 351	1,625 sqft	Dec 2022
Level 1	RM 552,000	RM 337	1,636 sqft	Sep 2022
Level 1	RM 500,000	RM 304	1,647 sqft	Aug 2022
Level 1	RM 497,000	RM 306	1,625 sqft	May 2022