Area Intelligence

SUNWAY WELLESLEY 2

10 properties
2024
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Median Price
RM 582,500
PSF: RM 356

Residential Market

Median Price

RM 580,000

IQR: RM 48
MAD: RM 23
RM 355 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 10 subsale transactions in 2024, with a median price of RM 583K and a median price per square foot (PSF) of RM 356.

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 583K, with most transactions falling within a stable range of RM 499K to RM 1.13 million, and a typical market range of RM 499K to RM 765K.

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

Price per square foot shows a median of RM 356, though individual units vary from RM 17 to RM 695 in the core range. The broader market spans RM 332.13 to RM 379.88, indicating diverse property characteristics. A wider spread (IQR: RM 47.75) and deviation (MAD: RM 339) indicate significant PSF variations, likely due to diverse property types or conditions.

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

10 properties grouped by size

1,550 sqft
1 units 3-Storey Storey Shop
RM 2,300,000
MEDAN SUNWAY WELLESLEY 1
1,550 sqft · RM 1,484.00 PSF
May 2024
1,650 sqft
8 units 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 560,000
1,636 sqft · RM 342.00 PSF
Aug 2024
RM 538,000
1,647 sqft · RM 327.00 PSF
Aug 2024
RM 499,000
1,625 sqft · RM 307.00 PSF
Jul 2024
RM 600,000
1,647 sqft · RM 364.00 PSF
Jul 2024
RM 630,000
1,647 sqft · RM 383.00 PSF
May 2024
RM 570,000
1,647 sqft · RM 346.00 PSF
Feb 2024
2,900 sqft
1 units Double Storey Semi-D
RM 1,360,000
LINTANG SUNWAY WELLESLEY 3
2,895 sqft · RM 470.00 PSF
May 2024