WELLESLEY RESIDENCES

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 4 subsale transactions in 2022, with a median price of RM 352K and a median price per square foot (PSF) of RM 436.

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 352K, with most transactions falling within a stable range of RM 277K to RM 427K, and a typical market range of RM 279K to RM 424K.

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

The median PSF stands at RM 436, with core pricing between RM 383 and RM 489. Market pricing typically extends from RM 384.00 to RM 487.00, 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.