Area Intelligence

SUNWAY WELLESLEY @ PRECINT 3

6 properties
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Median Price
RM 1,070,000
PSF: RM 642

Commercial Market

Median Price

RM 1,070,000

IQR: RM 271
MAD: RM 142
RM 642 PSF 34.1%

PSF Trends (2021-2025)

SUNWAY WELLESLEY @ PRECINT 3 in Seberang Perai Tengah, Penang recorded 6 subsale transactions between 2021 and 2025, with a median price of RM 1.07 million and a median price per square foot (PSF) of RM 642.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.07 million, with most transactions falling within a stable range of RM 725K to RM 1.42 million, and a typical market range of RM 731K to RM 1.41 million.

Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.

Price per square foot shows a median of RM 642, though individual units vary from RM 501 to RM 784 in the core range. The broader market spans RM 506.38 to RM 777.63, indicating diverse property characteristics. The spread of RM 271.25 (IQR) and deviation of RM 142 (MAD) suggest moderate price variations reflecting different property features.

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.

Area Location

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SUNWAY WELLESLEY @ PRECINT 3, Seberang Perai Tengah, Penang

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Transactions

6 properties grouped by size

1,250 sqft
1 units Single Storey Shop
RM 590,000
PERSIARAN SUNWAY WELLESLEY
1,238 sqft · RM 477.00 PSF
Feb 2022
1,350 sqft
1 units 3-Storey Storey Shop
RM 700,000
PERSIARAN SUNWAY WELLESLEY
1,335 sqft · RM 524.00 PSF
Apr 2022
1,750 sqft
1 units 3-Storey Storey Shop
RM 750,000
PERSIARAN SUNWAY WELLESLEY
1,733 sqft · RM 433.00 PSF
Jun 2022
1,850 sqft
2 units 3-Storey Storey Shop
RM 1,390,000
PERSIARAN SUNWAY WELLESLEY
1,830 sqft · RM 760.00 PSF
Nov 2021
RM 1,390,000
PERSIARAN SUNWAY WELLESLEY
1,830 sqft · RM 760.00 PSF
May 2021
2,000 sqft
1 units 3-Storey Storey Shop
RM 1,700,000
PERSIARAN SUNWAY WELLESLEY
2,013 sqft · RM 845.00 PSF
Jun 2022