Penang, Seberang Perai Tengah, Mukit Mertajam

SUNWAY WELLESLEY 2

Area Intelligence

2022

Median Price

RM 950,000

PSF: RM 341

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Residential PSF Trends

Median Price

RM 950,000

PSF: RM 341

SUNWAY WELLESLEY 2 in Seberang Perai Tengah, Penang recorded 1 subsale transactions in 2022, with a median price of RM 950K and a median price per square foot (PSF) of RM 341.

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 341, with most transactions between RM 341 and RM 341. The usual range is RM 318.25 to RM 363.75, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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SUNWAY WELLESLEY 2, Seberang Perai Tengah, Penang

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