Butterworth · Subsale Market
Wellspring Residences Subsale — Butterworth, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
Wellspring Residences is a completed freehold condominium in Butterworth, Penang, completed in 2024 by Airmas Development Sdn Bhd. It has 144 units. Subsale asking prices currently run about RM443 per sq ft (from roughly RM 498K).
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-09.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,070–1,260 | RM498,000 | RM443 |
Zac’s Take
Zac Ong
Wellspring Residences, also called Residensi Ria Emas, is a freehold 21-storey condominium of 144 homes on Jalan Ria Emas in Butterworth by Airmas Development, completed in 2024.
There are three layouts of about 1,070, 1,145 and 1,260 sq ft. They launched from around RM447,000; resale listings in 2026 ran about RM498,000 to RM582,000, roughly RM460 to RM510 per sq ft.
It's a newer, smaller building than most in Butterworth, which suits families who want a quieter block. As with any new completion, check the snagging on the unit and how the management is settling in.
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 months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Butterworth's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Wellspring Residences.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Wellspring Residences is priced within Butterworth
At roughly RM443 psf, Wellspring Residences prices toward the upper end of Butterworth's condo band (RM260–510 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)
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 — 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) — 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 — Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables — 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 — Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms — Agree in writing what stays — 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 2026-10-09.
| Asking from | RM498,000 – RM582,000 |
| PSF | RM443 |
| Built-up | 1,070 – 1,260 sqft |
| Completed | 2024 |
| Units | 144 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 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 — 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 corporation’s problem and, through the sinking fund, partly yours. Check what was actually rectified.
A foreign buyer can purchase here — the RM500,000 minimum is cleared by the larger units, though not at the entry price. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — 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 — floor, facing, condition — 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 498K
Butterworth — area snapshot
Full area guide →Butterworth 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 – 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 — 5 of them still selling.
- Ari MellizoRM250K
- Harbour View ResidenceRM250K
- Marminton HomesRM449K
- Rubica @ Harbour PlaceRM484K
- Majestic AmanRM585K
- Taman Selayang JayaRM1.09M
Wellspring Residences subsale — 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 — 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. I have not been able to confirm the land title class — check it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Wellspring Residences?
Yes, on the larger units. Seberang Perai sets a RM500,000 minimum for foreign buyers of strata property, which the entry price does not clear. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
When was Wellspring Residences completed?
Wellspring Residences was completed in 2024 by Airmas Development Sdn Bhd, so homes here are bought from existing owners.
How big are the homes at Wellspring Residences?
Homes range from about 1,070 to 1,260 sq ft. There are 144 homes in total.
Who developed Wellspring Residences?
Wellspring Residences (also known as Residensi Ria Emas) was developed by Airmas Development Sdn Bhd.
More on the neighbourhood:
Butterworth area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.