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 315K to RM 355K, and a typical market range of RM 310K to RM 360K.

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

The median PSF stands at RM 393, with core pricing between RM 351 and RM 435. 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 42, 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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