WELLESLEY RESIDENCES

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 11 subsale transactions between 2021 and 2025, with a median price of RM 400K and a median price per square foot (PSF) of RM 347.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 400K, with most transactions falling within a stable range of RM 368K to RM 450K, and a typical market range of RM 368K to RM 470K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 347, with core pricing between RM 304 and RM 390. Market pricing typically extends from RM 297.38 to RM 396.63, reflecting moderate variation in unit pricing. With an IQR of RM 99.25 and MAD of RM 43, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.