WELLESLEY RESIDENCES

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 40 subsale transactions between 2021 and 2025, with a median price of RM 387K and a median price per square foot (PSF) of RM 384.

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 387K, with most transactions falling within a stable range of RM 313K to RM 460K, and a typical market range of RM 317K to RM 456K.

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

The median PSF stands at RM 384, with core pricing between RM 337 and RM 430. Market pricing typically extends from RM 340.50 to RM 426.50, reflecting moderate variation in unit pricing. With an IQR of RM 86.00 and MAD of RM 47, 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. Moderate transaction volume may require patience when buying or selling.