Penang, Seberang Perai Tengah, Mukit Mertajam

SUNWAY WELLESLEY 2

Area Intelligence

2021

Median Price

RM 722,500

PSF: RM 332

Facebook X (Twitter)

Residential PSF Trends

Median Price

RM 722,500

PSF: RM 332

SUNWAY WELLESLEY 2 in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2021, with a median price of RM 723K and a median price per square foot (PSF) of RM 332.

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 723K, with most transactions falling within a stable range of RM 490K to RM 955K, and a typical market range of RM 502K to RM 943K.

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

For price per square foot, the median is RM 332, with most transactions between RM 299 and RM 365. The usual range is RM 309.25 to RM 354.75, 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 33 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