RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2021, with a median price of RM 498K and a median price per square foot (PSF) of RM 387.
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 498K, with most transactions falling within a stable range of RM 447K to RM 549K, and a typical market range of RM 442K to RM 555K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 387, with core pricing between RM 342 and RM 432. Market pricing typically extends from RM 331.00 to RM 443.00, reflecting moderate variation in unit pricing. With an IQR of RM 112.00 and MAD of RM 45, 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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Limited transaction history suggests carefully evaluating comparable sales data.
