Butterworth Β· Subsale Market
Wellspring Residences Subsale β Butterworth, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Wellspring Residences is a completed freehold condominium in Butterworth, Penang, completed in 2024 by Airmas Development Sdn Bhd. It has 144 units. It launched from around RM 527K β that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at September 2026 β Undated source prices basis. Last checked 2026-08-11. Confirm the current range before offering.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,070β1,260 | RM527,000 | RM443 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Wellspring Residences subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Butterworth's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Wellspring Residences.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Wellspring Residences is priced within Butterworth
At roughly RM443 psf, Wellspring Residences prices toward the upper end of Butterworth's condo band (RM220β480 psf). Expect to justify that with something concrete: sea view, low density, branded management, or a genuinely superior position within the area.
vs NAPIC median
+45%
Area median RM305 psf (all residential)
Area gross yield
~5.5%
Typical for Butterworth condos
Building age
2 years
Completed 2024
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data β see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The Wellspring Residences pre-purchase checklist
- 1.Remaining lease (if leasehold) β Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats β Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables β Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position β Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms β Agree in writing what stays β air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Wellspring Residences price 2026
What Wellspring Residences trades at on the sub-sale market, last checked 2026-08-11.
| Asking from | RM527,000+ |
| PSF | RM443 |
| Built-up | 1,070 β 1,260 sqft |
| Completed | 2024 |
| Units | 144 |
Price basis not dated. Confirm the current range before making an offer.
What it actually sold for. Too few listings to establish a market band. The only one we can see is RM470,000 for 1,259 sqft, dated 19 January 2026 β about RM373 psf. Our RM527,000 record predates it. Treat both as indicative and ask for the current shortlist.
The building is 2 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporationβs problem and, through the sinking fund, partly yours. Check what was actually rectified.
Every unit here sits below the RM600,000 foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β and if you are near the five-to-six-year line, the date matters more than the price.
Wellspring Residences for sale & for rent
Looking to buy or rent a unit in Wellspring Residences? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Wellspring Residences key facts
- Developer
- Airmas Development Sdn Bhd
- Area
- Butterworth, Penang
- Tenure
- freehold
- Completed
- 2024
- Total units
- 144
- Asking PSF
- RM443
- Price from
- RM 527K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Wellspring Residences:
View full Wellspring Residences profile βButterworth β area snapshot
Full area guide βButterworth is the main urban centre on Penang Mainland, connected to the island via ferry and the Penang Bridge. Active residential market with affordable entry prices.
Price range
RM 250K β RM 1.1M
asking prices in area
Active projects
5
selling or under construction
Subsale condos
1
completed projects
Total tracked
7
properties in this area
Other projects in Butterworth
All 6 others we track here, cheapest first β 5 of them still selling.
- Ari MellizoRM250K
- Harbour View ResidenceRM250K
- Marminton HouseRM430K
- Rubica @ Harbour PlaceRM484K
- Majestic AmanRM585K
- Taman Selayang JayaRM1.09M
Wellspring Residences subsale β common questions
What is the price of Wellspring Residences?
Too few listings to establish a market band. The only one we can see is RM470,000 for 1,259 sqft, dated 19 January 2026 β about RM373 psf. Our RM527,000 record predates it. Treat both as indicative and ask for the current shortlist.
Is Wellspring Residences freehold or leasehold?
Wellspring Residences is freehold. We do not hold the land title class on record β confirm it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Wellspring Residences?
Not at current prices. Seberang Perai sets a RM600,000 minimum for foreign buyers and no unit here clears it, so Wellspring Residences is open to Malaysian and PR buyers only.
When was Wellspring Residences completed?
Wellspring Residences completed in 2024, developed by Airmas Development Sdn Bhd. Units here trade sub-sale.
How big are the units at Wellspring Residences?
Built-ups run 1,070 to 1,260 sq ft. There are 144 units in total.
More on the neighbourhood:
Butterworth area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.