WELLESLEY RESIDENCES

Area Intelligence
2022
Median Price
RM 351,500
PSF: RM 436

Residential PSF Trends

Median Price

RM 351,500

PSF: RM 436

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 328K to RM 368K, and a typical market range of RM 313K to RM 368K.

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

The median PSF stands at RM 436, with core pricing between RM 365 and RM 506. Market pricing typically extends from RM 384.00 to RM 487.00, reflecting moderate variation in unit pricing. The spread of RM 103.00 (IQR) and deviation of RM 71 (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

4 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

No Properties For Sale

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

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