WELLESLEY RESIDENCES

Area Intelligence
2022
Median Price
RM 490,000
PSF: RM 370

Residential PSF Trends

Median Price

RM 490,000

PSF: RM 370

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 9 subsale transactions in 2022, with a median price of RM 490K and a median price per square foot (PSF) of RM 370.

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 490K, with most transactions falling within a stable range of RM 380K to RM 628K, and a typical market range of RM 418K to RM 563K.

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

The median PSF stands at RM 370, with core pricing between RM 319 and RM 421. Market pricing typically extends from RM 318.50 to RM 421.50, reflecting moderate variation in unit pricing. With an IQR of RM 103.00 and MAD of RM 51, 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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Transactions

9 transactions grouped by size

1,150 sqft
Condo/Apartment
RM 495,000
Level 6
1,152 sqft · RM 430 PSF
RM 380,000
Level 9
1,152 sqft · RM 330 PSF
RM 495,000
Level 12
1,152 sqft · RM 430 PSF
RM 385,000
Level 28
1,152 sqft · RM 334 PSF
1,300 sqft
Condo/Apartment
RM 550,000
Level 10
1,324 sqft · RM 415 PSF
RM 490,000
Level 18
1,324 sqft · RM 370 PSF
RM 420,000
Level 6
1,324 sqft · RM 317 PSF
RM 388,000
Level 21
1,324 sqft · RM 293 PSF
2,000 sqft
Condo/Apartment
RM 850,000
Level 26
2,002 sqft · RM 425 PSF

No Properties For Sale

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

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