WELLESLEY RESIDENCES

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 5 subsale transactions in 2024, with a median price of RM 308K and a median price per square foot (PSF) of RM 462.

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 308K, with most transactions falling within a stable range of RM 296K to RM 320K, and a typical market range of RM 283K to RM 320K.

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

For price per square foot, the median is RM 462, with most transactions between RM 443 and RM 481. The usual range is RM 412.38 to RM 511.63, showing that most units are priced quite close to each other. With an IQR of RM 99.25 and MAD of RM 19, 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.