WELLESLEY RESIDENCES

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 318K to RM 458K.

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 352.38 to RM 451.63, reflecting moderate variation in unit pricing. The spread of RM 99.25 (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.