WELLESLEY RESIDENCES

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2021, with a median price of RM 310K and a median price per square foot (PSF) of RM 379.

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 310K, with most transactions falling within a stable range of RM 235K to RM 385K, and a typical market range of RM 238K to RM 383K.

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

The median PSF stands at RM 379, with core pricing between RM 326 and RM 432. Market pricing typically extends from RM 327.50 to RM 430.50, 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.

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.