Penang
Seberang Perai Selatan
15
RAINTREE PARK 1

RAINTREE PARK 1

Area Intelligence

2023

Median Price

RM 684,000

PSF: RM 318

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Residential PSF Trends

Median Price

RM 684,000

PSF: RM 318

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2023, with a median price of RM 684K and a median price per square foot (PSF) of RM 318.

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 684K, with most transactions falling within a stable range of RM 684K to RM 753K, and a typical market range of RM 684K to RM 741K.

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 318, with most transactions between RM 302 and RM 335. The usual range is RM 262.00 to RM 374.00, showing that most units are priced quite close to each other. With an IQR of RM 112.00 and MAD of RM 17, 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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