RAINTREE PARK2 in Seberang Perai Selatan, Penang recorded 4 subsale transactions in 2021, with a median price of RM 674K and a median price per square foot (PSF) of RM 293.
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 674K, with most transactions falling within a stable range of RM 600K to RM 748K, and a typical market range of RM 599K to RM 749K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 293, with core pricing between RM 239 and RM 347. Market pricing typically extends from RM 243.50 to RM 341.50, reflecting moderate variation in unit pricing. The spread of RM 98.00 (IQR) and deviation of RM 54 (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.
