Penang
Seberang Perai Selatan
15
RAINTREE PARK 1

RAINTREE PARK 1

Area Intelligence

2021

Median Price

RM 497,000

PSF: RM 388

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Residential PSF Trends

Median Price

RM 497,000

PSF: RM 388

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2021, with a median price of RM 497K and a median price per square foot (PSF) of RM 388.

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 497K, with most transactions falling within a stable range of RM 496K to RM 499K, and a typical market range of RM 496K to RM 500K.

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 388, with most transactions between RM 387 and RM 389. The usual range is RM 332.00 to RM 444.00, showing that most units are priced quite close to each other. With an IQR of RM 112.00 and MAD of RM 1, 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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Transactions

4 transactions grouped by size

Popular Ranges

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

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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

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Road	Price	Land PSF	Land	Date	Type

1,300 sqft

Double Storey Terraced

1,300 sqft

Double Storey Terraced

RM 496,000

JALAN RAINTREE 3

1,281 sqft · RM 387 PSF

Dec 2021

RM 500,000

JALAN RAINTREE 3

1,281 sqft · RM 390 PSF

Dec 2021

RM 496,000

JALAN RAINTREE 3

1,281 sqft · RM 387 PSF

Nov 2021

RM 498,000

JALAN RAINTREE 4

1,281 sqft · RM 389 PSF

Nov 2021

JALAN RAINTREE 3	RM 496,000	RM 387	1,281 sqft	Dec 2021
JALAN RAINTREE 3	RM 500,000	RM 390	1,281 sqft	Dec 2021
JALAN RAINTREE 3	RM 496,000	RM 387	1,281 sqft	Nov 2021
JALAN RAINTREE 4	RM 498,000	RM 389	1,281 sqft	Nov 2021