Raintree Park 1
6, Jalan Raintree 1, Villa Raintree 1, Raintree Park, 1, Villa Raintree 1, Bandar Tasek Mutiara, 14120 Simpang Ampat, Penang, Malaysia
6, Jalan Raintree 1, Villa Raintree 1, Raintree Park, 1, Villa Raintree 1, Bandar Tasek Mutiara, 14120 Simpang Ampat, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Jalan Raintree 3
|
RM 496,000
|
RM 307
|
1,615 sqft
|
|
|
|
Jalan Raintree 3
|
RM 500,000
|
RM 310
|
1,615 sqft
|
|
|
|
Jalan Raintree 3
|
RM 496,000
|
RM 307
|
1,615 sqft
|
|
|
Jalan Raintree 4
|
RM 498,000
|
RM 264
|
1,884 sqft
|
|
|
Jalan Raintree 2
|
RM 600,000
|
RM 279
|
2,153 sqft
|
|
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Market Snapshot
ResidentialRM 498,000
RM 307 psfMedian transaction price
6, Jalan Raintree 1, Villa Raintree 1, Raintree Park, 1, Villa Raintree 1, Bandar Tasek Mutiara, 14120 Simpang Ampat, Penang, Malaysia
MapsRaintree Park 1 in Seberang Perai Selatan, Penang recorded 5 subsale transactions in 2021, with a median price of RM 498K and a median price per square foot (PSF) of RM 307.
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 498K, with most transactions falling within a stable range of RM 496K to RM 539K, and a typical market range of RM 496K to RM 556K.
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 307, with most transactions between RM 289 and RM 326. The usual range is RM 252.58 to RM 361.83, showing that most units are priced quite close to each other. With an IQR of RM 109.25 and MAD of RM 18, 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.