WELLESLEY RESIDENCES

Area Intelligence
2022
Median Price
RM 388,000
PSF: RM 402

Residential PSF Trends

Median Price

RM 388,000

PSF: RM 402

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 327K to RM 449K, 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 329 and RM 475. Market pricing typically extends from RM 350.50 to RM 453.50, reflecting moderate variation in unit pricing. The spread of RM 103.00 (IQR) and deviation of RM 73 (MAD) suggest moderate price variations reflecting different property features.

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

11 transactions grouped by size

650 sqft
Condo/Apartment
RM 313,000
Level 24
667 sqft · RM 469 PSF
RM 368,000
Level 11
667 sqft · RM 551 PSF
900 sqft
Condo/Apartment
RM 368,000
Level 23
915 sqft · RM 402 PSF
RM 335,000
Level 28
915 sqft · RM 366 PSF
1,150 sqft
Condo/Apartment
RM 495,000
Level 6
1,152 sqft · RM 430 PSF
RM 380,000
Level 9
1,152 sqft · RM 330 PSF
RM 495,000
Level 12
1,152 sqft · RM 430 PSF
RM 385,000
Level 28
1,152 sqft · RM 334 PSF
1,300 sqft
Condo/Apartment
RM 490,000
Level 18
1,324 sqft · RM 370 PSF
RM 420,000
Level 6
1,324 sqft · RM 317 PSF
RM 388,000
Level 21
1,324 sqft · RM 293 PSF

No Properties For Sale

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

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