Penang
Seberang Perai Selatan
15
RAINTREE PARK 1

RAINTREE PARK 1

Area Intelligence

2022

Median Price

RM 629,000

PSF: RM 292

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Residential PSF Trends

Median Price

RM 629,000

PSF: RM 292

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 6 subsale transactions in 2022, with a median price of RM 629K and a median price per square foot (PSF) of RM 292.

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 629K, with most transactions falling within a stable range of RM 583K to RM 675K, and a typical market range of RM 573K to RM 683K.

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 292, with most transactions between RM 271 and RM 313. The usual range is RM 236.00 to RM 348.00, showing that most units are priced quite close to each other. With an IQR of RM 112.00 and MAD of RM 21, 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

6 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

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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

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Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

2,150 sqft

RM 640,000

JALAN RAINTREE 1

2,153 sqft · RM 297 PSF

Aug 2022

RM 611,000

JALAN RAINTREE 3

2,153 sqft · RM 284 PSF

Jul 2022

RM 618,000

JALAN RAINTREE 2

2,153 sqft · RM 287 PSF

Jun 2022

RM 640,000

JALAN RAINTREE 3

2,153 sqft · RM 297 PSF

May 2022

RM 531,000

JALAN RAINTREE 3

2,153 sqft · RM 247 PSF

May 2022

RM 683,000

JALAN RAINTREE 3

2,153 sqft · RM 317 PSF

Feb 2022

JALAN RAINTREE 1	RM 640,000	RM 297	2,153 sqft	Aug 2022	Double Storey Semi-D
JALAN RAINTREE 3	RM 611,000	RM 284	2,153 sqft	Jul 2022	Double Storey Terraced
JALAN RAINTREE 2	RM 618,000	RM 287	2,153 sqft	Jun 2022	Double Storey Semi-D
JALAN RAINTREE 3	RM 640,000	RM 297	2,153 sqft	May 2022	Double Storey Semi-D
JALAN RAINTREE 3	RM 531,000	RM 247	2,153 sqft	May 2022	Double Storey Terraced
JALAN RAINTREE 3	RM 683,000	RM 317	2,153 sqft	Feb 2022	Double Storey Terraced