WELLESLEY RESIDENCES

Area Intelligence

2023

Median Price

RM 335,000

PSF: RM 393

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Residential PSF Trends

Median Price

RM 335,000

PSF: RM 393

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2023, with a median price of RM 335K and a median price per square foot (PSF) of RM 393.

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 335K, with most transactions falling within a stable range of RM 260K to RM 410K, and a typical market range of RM 263K to RM 408K.

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

The median PSF stands at RM 393, with core pricing between RM 340 and RM 446. Market pricing typically extends from RM 341.50 to RM 444.50, 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.

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WELLESLEY RESIDENCES, Seberang Perai Utara, Penang

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