SUNWAY WELLESLEY @ PRECINT 3 in Seberang Perai Tengah, Penang recorded 4 subsale transactions in 2022, with a median price of RM 725K and a median price per square foot (PSF) of RM 501.
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 725K, with most transactions falling within a stable range of RM 658K to RM 750K, and a typical market range of RM 590K to RM 750K.
Most transactions involved 3 - 3 1/2 storey shop, though some variety exists in the market.
For price per square foot, the median is RM 501, with most transactions between RM 463 and RM 538. The usual range is RM 364.88 to RM 636.13, showing that most units are priced quite close to each other. With an IQR of RM 271.25 and MAD of RM 37, the PSF demonstrates reasonable consistency across the market.
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.
