Penang
Seberang Perai Selatan
15
RAINTREE PARK 1

RAINTREE PARK 1

Area Intelligence

2023

Median Price

RM 521,000

PSF: RM 403

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Residential PSF Trends

Median Price

RM 521,000

PSF: RM 403

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2023, with a median price of RM 521K and a median price per square foot (PSF) of RM 403.

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 521K, with most transactions falling within a stable range of RM 500K to RM 557K, and a typical market range of RM 500K to RM 578K.

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

The median PSF stands at RM 403, with core pricing between RM 348 and RM 457. Market pricing typically extends from RM 346.50 to RM 458.50, reflecting moderate variation in unit pricing. With an IQR of RM 112.00 and MAD of RM 55, 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

OSM

Track location

Transactions

8 transactions grouped by size

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)

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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

Custom Range

Min Size (sqft)

Max Size (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 590,000

JALAN RAINTREE 3

1,281 sqft · RM 461 PSF

Nov 2023

RM 540,000

JALAN RAINTREE 3

1,281 sqft · RM 422 PSF

Oct 2023

RM 500,000

JALAN RAINTREE 2

1,281 sqft · RM 390 PSF

Sep 2023

RM 522,000

JALAN RAINTREE 1

1,281 sqft · RM 408 PSF

Aug 2023

RM 500,000

JALAN RAINTREE 3

1,281 sqft · RM 390 PSF

Jun 2023

RM 595,000

JALAN RAINTREE 1

1,281 sqft · RM 465 PSF

May 2023

RM 508,000

JALAN RAINTREE 1

1,281 sqft · RM 397 PSF

Feb 2023

JALAN RAINTREE 3	RM 590,000	RM 461	1,281 sqft	Nov 2023
JALAN RAINTREE 3	RM 540,000	RM 422	1,281 sqft	Oct 2023
JALAN RAINTREE 2	RM 500,000	RM 390	1,281 sqft	Sep 2023
JALAN RAINTREE 1	RM 522,000	RM 408	1,281 sqft	Aug 2023
JALAN RAINTREE 3	RM 500,000	RM 390	1,281 sqft	Jun 2023
JALAN RAINTREE 1	RM 595,000	RM 465	1,281 sqft	May 2023
JALAN RAINTREE 1	RM 508,000	RM 397	1,281 sqft	Feb 2023