WELLESLEY RESIDENCES

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 6 subsale transactions in 2021, with a median price of RM 374K and a median price per square foot (PSF) of RM 363.

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 374K, with most transactions falling within a stable range of RM 305K to RM 444K, and a typical market range of RM 305K to RM 444K.

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

The median PSF stands at RM 363, with core pricing between RM 317 and RM 409. Market pricing typically extends from RM 313.38 to RM 412.63, reflecting moderate variation in unit pricing. With an IQR of RM 99.25 and MAD of RM 46, 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.