WELLESLEY RESIDENCES

Area Intelligence

2021

Median Price

RM 373,500

PSF: RM 363

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Residential PSF Trends

Median Price

RM 373,500

PSF: RM 363

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 6 subsale transactions in 2021, with a median price of RM 374K and a median price per square foot (PSF) of RM 363.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 363, with most transactions between RM 363 and RM 363. The usual range is RM 311.50 to RM 414.50, showing that most units are priced quite close to each other. With an IQR of RM 103.00 and MAD of RM 0, 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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