WELLESLEY RESIDENCES

Area Intelligence

2021

Median Price

RM 415,000

PSF: RM 347

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Residential PSF Trends

Median Price

RM 415,000

PSF: RM 347

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 3 subsale transactions in 2021, with a median price of RM 415K and a median price per square foot (PSF) of RM 347.

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 415K, with most transactions falling within a stable range of RM 400K to RM 463K, and a typical market range of RM 400K to RM 488K.

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

For price per square foot, the median is RM 347, with most transactions between RM 318 and RM 376. The usual range is RM 295.50 to RM 398.50, showing that most units are priced quite close to each other. With an IQR of RM 103.00 and MAD of RM 29, 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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