Penang
Seberang Perai Selatan
15
RAINTREE PARK2

RAINTREE PARK2

Area Intelligence

2023

Median Price

RM 570,000

PSF: RM 332

Facebook X (Twitter)

Residential PSF Trends

Median Price

RM 570,000

PSF: RM 332

RAINTREE PARK2 in Seberang Perai Selatan, Penang recorded 10 subsale transactions in 2023, with a median price of RM 570K and a median price per square foot (PSF) of RM 332.

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 570K, with most transactions falling within a stable range of RM 476K to RM 664K, and a typical market range of RM 495K to RM 645K.

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

Price per square foot shows a median of RM 332, though individual units vary from RM 262 to RM 402 in the core range. The broader market spans RM 283.00 to RM 381.00, indicating diverse property characteristics. The spread of RM 98.00 (IQR) and deviation of RM 70 (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. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

Loading map...

RAINTREE PARK2, Seberang Perai Selatan, Penang

OSM

Track location

Transactions

10 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 498,000

JALAN RAINTREE 6

1,324 sqft • RM 376.00 PSF

Dec 2023

RM 420,000

Level 1

1,629 sqft • RM 258.00 PSF

Dec 2023

RM 530,000

JALAN RAINTREE 7

1,324 sqft • RM 400.00 PSF

Nov 2023

RM 565,000

JALAN RAINTREE 5

1,324 sqft • RM 427.00 PSF

Aug 2023

RM 575,000

JALAN RAINTREE 6

1,324 sqft • RM 434.00 PSF

Aug 2023

RM 700,000

LORONG RAINTREE 8

2,820 sqft • RM 248.00 PSF

Jul 2023

RM 650,000

JALAN RAINTREE 7

1,819 sqft • RM 357.00 PSF

Jun 2023

RM 665,000

LORONG RAINTREE 10

2,164 sqft • RM 307.00 PSF

Apr 2023

RM 450,000

Level 1

1,542 sqft • RM 292.00 PSF

Mar 2023

RM 680,000

LORONG RAINTREE 10

2,809 sqft • RM 242.00 PSF

Feb 2023

Road	Price	Land PSF	Land	Date	Type
JALAN RAINTREE 6	RM 498,000	RM 376.00	1,324 sqft	Dec 2023	Double Storey Terraced
Level 1	RM 420,000	RM 258.00	1,629 sqft	Dec 2023	Town House
JALAN RAINTREE 7	RM 530,000	RM 400.00	1,324 sqft	Nov 2023	Double Storey Terraced
JALAN RAINTREE 5	RM 565,000	RM 427.00	1,324 sqft	Aug 2023	Double Storey Terraced
JALAN RAINTREE 6	RM 575,000	RM 434.00	1,324 sqft	Aug 2023	Double Storey Terraced
LORONG RAINTREE 8	RM 700,000	RM 248.00	2,820 sqft	Jul 2023	Double Storey Semi-D
JALAN RAINTREE 7	RM 650,000	RM 357.00	1,819 sqft	Jun 2023	Double Storey Terraced
LORONG RAINTREE 10	RM 665,000	RM 307.00	2,164 sqft	Apr 2023	Double Storey Semi-D
Level 1	RM 450,000	RM 292.00	1,542 sqft	Mar 2023	Town House
LORONG RAINTREE 10	RM 680,000	RM 242.00	2,809 sqft	Feb 2023	Double Storey Semi-D