WELLESLEY RESIDENCES

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 365K to RM 515K, and a typical market range of RM 368K to RM 513K.

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

The median PSF stands at RM 368, with core pricing between RM 315 and RM 421. Market pricing typically extends from RM 316.50 to RM 419.50, reflecting moderate variation in unit pricing. With an IQR of RM 103.00 and MAD of RM 53, 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.