WELLESLEY RESIDENCES

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 10 subsale transactions between 2021 and 2025, with a median price of RM 309K and a median price per square foot (PSF) of RM 464.

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 309K, with most transactions falling within a stable range of RM 287K to RM 331K, and a typical market range of RM 283K to RM 368K.

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

For price per square foot, the median is RM 464, with most transactions between RM 431 and RM 496. The usual range is RM 420.50 to RM 506.50, showing that most units are priced quite close to each other. With an IQR of RM 86.00 and MAD of RM 32, 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.