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 |
|---|
|
Level 1
|
RM 450,000
|
RM 292
|
1,542 sqft
|
|
|
Jalan Raintree 2
|
RM 498,000
|
RM 308
|
1,615 sqft
|
|
|
|
Jalan Raintree 4
|
RM 517,000
|
RM 320
|
1,615 sqft
|
|
|
|
Lorong Raintree 3
|
RM 535,000
|
RM 331
|
1,615 sqft
|
|
|
|
Jalan Raintree 3
|
RM 611,000
|
RM 378
|
1,615 sqft
|
|
|
|
Jalan Raintree 3
|
RM 560,000
|
RM 347
|
1,615 sqft
|
|
|
|
Jalan Raintree 4
|
RM 550,000
|
RM 341
|
1,615 sqft
|
|
|
Jalan Raintree 4
|
RM 530,000
|
RM 320
|
1,658 sqft
|
|
|
Level D
|
RM 393,000
|
RM 219
|
1,798 sqft
|
|
|
Level G
|
RM 368,000
|
RM 195
|
1,884 sqft
|
|
|
|
Level 1
|
RM 440,000
|
RM 231
|
1,905 sqft
|
|
|
Jalan Raintree 1
|
RM 640,000
|
RM 297
|
2,153 sqft
|
|
|
|
Jalan Raintree 2
|
RM 618,000
|
RM 287
|
2,153 sqft
|
|
|
|
Jalan Raintree 3
|
RM 640,000
|
RM 297
|
2,153 sqft
|
|
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Market Snapshot
ResidentialRM 531,000
RM 320 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 21 subsale transactions in 2022, with a median price of RM 531K and a median price per square foot (PSF) of RM 320.
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 531K, with most transactions falling within a stable range of RM 451K to RM 611K, and a typical market range of RM 473K to RM 589K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 320, with core pricing between RM 269 and RM 370. Market pricing typically extends from RM 265.11 to RM 374.36, reflecting moderate variation in unit pricing. The spread of RM 109.25 (IQR) and deviation of RM 50 (MAD) suggest moderate price variations reflecting different property features.
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. Moderate transaction volume may require patience when buying or selling.