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 1
|
RM 498,000
|
RM 308
|
1,615 sqft
|
|
|
Level 1
|
RM 430,000
|
RM 228
|
1,884 sqft
|
|
|
Jalan Raintree 1
|
RM 790,000
|
RM 367
|
2,153 sqft
|
|
|
|
Jalan Raintree 2
|
RM 745,000
|
RM 346
|
2,153 sqft
|
|
|
|
Jalan Raintree 4
|
RM 850,000
|
RM 395
|
2,153 sqft
|
|
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Market Snapshot
ResidentialRM 745,000
RM 346 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 2024, with a median price of RM 745K and a median price per square foot (PSF) of RM 346.
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 745K, with most transactions falling within a stable range of RM 578K to RM 850K, and a typical market range of RM 687K to RM 803K.
Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.
The median PSF stands at RM 346, with core pricing between RM 288 and RM 404. Market pricing typically extends from RM 291.44 to RM 400.69, reflecting moderate variation in unit pricing. The spread of RM 109.25 (IQR) and deviation of RM 58 (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. Limited transaction history suggests carefully evaluating comparable sales data.