Penang
Seberang Perai Selatan
15
RAINTREE PARK2

RAINTREE PARK2

Area Intelligence

2024

Median Price

RM 531,000

PSF: RM 328

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Residential PSF Trends

Median Price

RM 531,000

PSF: RM 328

RAINTREE PARK2 in Seberang Perai Selatan, Penang recorded 8 subsale transactions in 2024, with a median price of RM 531K and a median price per square foot (PSF) of RM 328.

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 526K to RM 500K, and a typical market range of RM 490K to RM 500K.

Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.

For price per square foot, the median is RM 328, with most transactions between RM 296 and RM 359. The usual range is RM 278.50 to RM 376.50, showing that most units are priced quite close to each other. With an IQR of RM 98.00 and MAD of RM 32, 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 PARK2, Seberang Perai Selatan, Penang

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