Penang
Seberang Perai Selatan
15
RAINTREE PARK 1

RAINTREE PARK 1

Area Intelligence

2024

Median Price

RM 464,000

PSF: RM 309

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Residential PSF Trends

Median Price

RM 464,000

PSF: RM 309

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 2 subsale transactions in 2024, with a median price of RM 464K and a median price per square foot (PSF) of RM 309.

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 464K, with most transactions falling within a stable range of RM 430K to RM 498K, and a typical market range of RM 430K to RM 498K.

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

Price per square foot shows a median of RM 309, though individual units vary from RM 228 to RM 389 in the core range. The broader market spans RM 252.50 to RM 364.50, indicating diverse property characteristics. A wider spread (IQR: RM 112.00) and deviation (MAD: RM 81) indicate significant PSF variations, likely due to diverse property types or conditions.

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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