Penang
Seberang Perai Selatan
15
RAINTREE PARK 1

RAINTREE PARK 1

Area Intelligence

2024

Median Price

RM 745,000

PSF: RM 367

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Residential PSF Trends

Median Price

RM 745,000

PSF: RM 367

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2024, with a median price of RM 745K and a median price per square foot (PSF) of RM 367.

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 745K, with most transactions falling within a stable range of RM 790K to RM 775K, and a typical market range of RM 790K to RM 802K.

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

For price per square foot, the median is RM 367, with most transactions between RM 353 and RM 381. The usual range is RM 311.00 to RM 423.00, showing that most units are priced quite close to each other. With an IQR of RM 112.00 and MAD of RM 14, 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.

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RAINTREE PARK 1, Seberang Perai Selatan, Penang

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