Penang
Seberang Perai Selatan
15
RAINTREE PARK 1

RAINTREE PARK 1

Area Intelligence

2023

Median Price

RM 540,000

PSF: RM 390

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Residential PSF Trends

Median Price

RM 540,000

PSF: RM 390

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 11 subsale transactions in 2023, with a median price of RM 540K and a median price per square foot (PSF) of RM 390.

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 540K, with most transactions falling within a stable range of RM 500K to RM 640K, and a typical market range of RM 500K to RM 597K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

The median PSF stands at RM 390, with core pricing between RM 326 and RM 454. Market pricing typically extends from RM 334.00 to RM 446.00, reflecting moderate variation in unit pricing. The spread of RM 112.00 (IQR) and deviation of RM 64 (MAD) suggest moderate price variations reflecting different property features.

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.

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RAINTREE PARK 1, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

11 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 684,000

JALAN RAINTREE 1

2,153 sqft • RM 318.00 PSF

Nov 2023

RM 590,000

JALAN RAINTREE 3

1,281 sqft • RM 461.00 PSF

Nov 2023

RM 520,000

Level 1

1,884 sqft • RM 276.00 PSF

Nov 2023

RM 540,000

JALAN RAINTREE 3

1,281 sqft • RM 422.00 PSF

Oct 2023

RM 684,000

JALAN RAINTREE 3

2,153 sqft • RM 318.00 PSF

Sep 2023

RM 500,000

JALAN RAINTREE 2

1,281 sqft • RM 390.00 PSF

Sep 2023

RM 522,000

JALAN RAINTREE 1

1,281 sqft • RM 408.00 PSF

Aug 2023

RM 830,000

JALAN RAINTREE 2

2,928 sqft • RM 283.00 PSF

Jul 2023

RM 500,000

JALAN RAINTREE 3

1,281 sqft • RM 390.00 PSF

Jun 2023

RM 595,000

JALAN RAINTREE 1

1,281 sqft • RM 465.00 PSF

May 2023

RM 508,000

JALAN RAINTREE 1

1,281 sqft • RM 397.00 PSF

Feb 2023

Road	Price	Land PSF	Land	Date	Type
JALAN RAINTREE 1	RM 684,000	RM 318.00	2,153 sqft	Nov 2023	Double Storey Semi-D
JALAN RAINTREE 3	RM 590,000	RM 461.00	1,281 sqft	Nov 2023	Double Storey Terraced
Level 1	RM 520,000	RM 276.00	1,884 sqft	Nov 2023	Town House
JALAN RAINTREE 3	RM 540,000	RM 422.00	1,281 sqft	Oct 2023	Double Storey Terraced
JALAN RAINTREE 3	RM 684,000	RM 318.00	2,153 sqft	Sep 2023	Double Storey Semi-D
JALAN RAINTREE 2	RM 500,000	RM 390.00	1,281 sqft	Sep 2023	Double Storey Terraced
JALAN RAINTREE 1	RM 522,000	RM 408.00	1,281 sqft	Aug 2023	Double Storey Terraced
JALAN RAINTREE 2	RM 830,000	RM 283.00	2,928 sqft	Jul 2023	Double Storey Semi-D
JALAN RAINTREE 3	RM 500,000	RM 390.00	1,281 sqft	Jun 2023	Double Storey Terraced
JALAN RAINTREE 1	RM 595,000	RM 465.00	1,281 sqft	May 2023	Double Storey Terraced
JALAN RAINTREE 1	RM 508,000	RM 397.00	1,281 sqft	Feb 2023	Double Storey Terraced