WELLESLEY RESIDENCES

Area Intelligence
14 subsale transactions
2023
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Median Price
RM 440,000
PSF: RM 368

Residential PSF Trends

Median Price

RM 440,000

PSF: RM 368

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 14 subsale transactions in 2023, with a median price of RM 440K and a median price per square foot (PSF) of RM 368.

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 440K, with most transactions falling within a stable range of RM 377K to RM 503K, and a typical market range of RM 370K to RM 507K.

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

The median PSF stands at RM 368, with core pricing between RM 329 and RM 407. Market pricing typically extends from RM 318.38 to RM 417.63, reflecting moderate variation in unit pricing. With an IQR of RM 99.25 and MAD of RM 39, 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.

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WELLESLEY RESIDENCES, Seberang Perai Utara, Penang

OSM

Transactions

14 transactions found

Price Range

Clear

Size Range (sqft)

Clear
RM 430,000
Level 22
1,152 sqft RM 373.00 PSF
Dec 2023
RM 360,000
Level 18
915 sqft RM 393.00 PSF
Nov 2023
RM 388,000
Level 23
1,152 sqft RM 337.00 PSF
Oct 2023
RM 450,000
Level 20
1,324 sqft RM 340.00 PSF
Sep 2023
RM 460,000
Level 8
1,324 sqft RM 347.00 PSF
Jun 2023
RM 490,000
Level 12
1,324 sqft RM 370.00 PSF
Jun 2023
RM 378,000
Level 7
1,152 sqft RM 328.00 PSF
May 2023
RM 368,000
Level 14
1,152 sqft RM 320.00 PSF
May 2023
RM 507,000
Level 24
1,324 sqft RM 383.00 PSF
May 2023
RM 483,000
Level 25
1,324 sqft RM 365.00 PSF
May 2023
RM 335,000
Level 22
915 sqft RM 366.00 PSF
Mar 2023
RM 495,000
Level 7
1,152 sqft RM 430.00 PSF
Feb 2023
RM 465,000
Level 19
1,152 sqft RM 404.00 PSF
Feb 2023
RM 310,000
Level 6
667 sqft RM 465.00 PSF
Jan 2023