WELLESLEY RESIDENCES

Area Intelligence
2023
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 368K 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 316.50 to RM 419.50, reflecting moderate variation in unit pricing. With an IQR of RM 103.00 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

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Transactions

14 transactions grouped by size

650 sqft
Condo/Apartment
RM 310,000
Level 6
667 sqft · RM 465 PSF
900 sqft
Condo/Apartment
RM 360,000
Level 18
915 sqft · RM 393 PSF
RM 335,000
Level 22
915 sqft · RM 366 PSF
1,150 sqft
Condo/Apartment
RM 430,000
Level 22
1,152 sqft · RM 373 PSF
RM 388,000
Level 23
1,152 sqft · RM 337 PSF
RM 378,000
Level 7
1,152 sqft · RM 328 PSF
RM 368,000
Level 14
1,152 sqft · RM 320 PSF
RM 495,000
Level 7
1,152 sqft · RM 430 PSF
RM 465,000
Level 19
1,152 sqft · RM 404 PSF
1,300 sqft
Condo/Apartment
RM 450,000
Level 20
1,324 sqft · RM 340 PSF
RM 460,000
Level 8
1,324 sqft · RM 347 PSF
RM 490,000
Level 12
1,324 sqft · RM 370 PSF
RM 507,000
Level 24
1,324 sqft · RM 383 PSF
RM 483,000
Level 25
1,324 sqft · RM 365 PSF

No Properties For Sale

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

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