WELLESLEY RESIDENCES

Area Intelligence
2022
Median Price
RM 388,000
PSF: RM 402

Residential PSF Trends

Median Price

RM 388,000

PSF: RM 402

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 13 subsale transactions in 2022, with a median price of RM 388K and a median price per square foot (PSF) of RM 402.

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 388K, with most transactions falling within a stable range of RM 313K to RM 522K, and a typical market range of RM 316K to RM 461K.

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

The median PSF stands at RM 402, with core pricing between RM 334 and RM 470. Market pricing typically extends from RM 350.50 to RM 453.50, reflecting moderate variation in unit pricing. The spread of RM 103.00 (IQR) and deviation of RM 68 (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.

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WELLESLEY RESIDENCES, Seberang Perai Utara, Penang

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Transactions

13 transactions found

RM 850,000
Level 26
2,002 sqft RM 425.00 PSF
RM 313,000
Level 24
667 sqft RM 469.00 PSF
RM 368,000
Level 23
915 sqft RM 402.00 PSF
RM 495,000
Level 6
1,152 sqft RM 430.00 PSF
RM 550,000
Level 10
1,324 sqft RM 415.00 PSF
RM 490,000
Level 18
1,324 sqft RM 370.00 PSF
RM 380,000
Level 9
1,152 sqft RM 330.00 PSF
RM 335,000
Level 28
915 sqft RM 366.00 PSF
RM 495,000
Level 12
1,152 sqft RM 430.00 PSF
RM 420,000
Level 6
1,324 sqft RM 317.00 PSF
RM 388,000
Level 21
1,324 sqft RM 293.00 PSF
RM 368,000
Level 11
667 sqft RM 551.00 PSF
RM 385,000
Level 28
1,152 sqft RM 334.00 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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