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 590,000
|
RM 365
|
1,615 sqft
|
|
|
|
Jalan Raintree 3
|
RM 540,000
|
RM 334
|
1,615 sqft
|
|
|
|
Jalan Raintree 2
|
RM 500,000
|
RM 310
|
1,615 sqft
|
|
|
|
Jalan Raintree 1
|
RM 522,000
|
RM 323
|
1,615 sqft
|
|
|
|
Jalan Raintree 3
|
RM 500,000
|
RM 310
|
1,615 sqft
|
|
|
|
Jalan Raintree 1
|
RM 595,000
|
RM 369
|
1,615 sqft
|
|
|
|
Jalan Raintree 1
|
RM 508,000
|
RM 315
|
1,615 sqft
|
|
|
Level 1
|
RM 520,000
|
RM 276
|
1,884 sqft
|
|
|
Jalan Raintree 1
|
RM 684,000
|
RM 318
|
2,153 sqft
|
|
|
|
Jalan Raintree 3
|
RM 684,000
|
RM 318
|
2,153 sqft
|
|
|
Jalan Raintree 2
|
RM 830,000
|
RM 283
|
2,928 sqft
|
|
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Market Snapshot
ResidentialRM 540,000
RM 318 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 11 subsale transactions in 2023, with a median price of RM 540K 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 540K, with most transactions falling within a stable range of RM 500K to RM 640K, and a typical market range of RM 500K to RM 598K.
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 291 and RM 345. The usual range is RM 263.11 to RM 372.36, showing that most units are priced quite close to each other. With an IQR of RM 109.25 and MAD of RM 27, 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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.