WELLESLEY RESIDENCES

WELLESLEY RESIDENCES in Seberang Perai Utara, Penang recorded 14 subsale transactions in 2023, with a median price of RM 440K and a median price per square foot (PSF) of RM 368.

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 440K, with most transactions falling within a stable range of RM 377K to RM 503K, and a typical market range of RM 371K to RM 507K.

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

The median PSF stands at RM 368, with core pricing between RM 329 and RM 407. Market pricing typically extends from RM 325.00 to RM 411.00, reflecting moderate variation in unit pricing. With an IQR of RM 86.00 and MAD of RM 39, 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.