RAINTREE PARK 1

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 21 subsale transactions in 2022, with a median price of RM 531K and a median price per square foot (PSF) of RM 317.

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 531K, with most transactions falling within a stable range of RM 480K to RM 582K, and a typical market range of RM 475K to RM 588K.

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

The median PSF stands at RM 317, with core pricing between RM 272 and RM 362. Market pricing typically extends from RM 261.00 to RM 373.00, 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. Moderate transaction volume may require patience when buying or selling.