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 463K, 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 349 and RM 455. Market pricing typically extends from RM 350.50 to RM 453.50, 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.