RAINTREE PARK 1

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 594K.

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 334.50 to RM 445.50, reflecting moderate variation in unit pricing. The spread of RM 111.00 (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.