RAINTREE PARK2

Area Intelligence
2023
Median Price
RM 570,000
PSF: RM 332

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.

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RAINTREE PARK2, Seberang Perai Selatan, Penang

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Transactions

10 transactions grouped by size

1,300 sqft
Double Storey Terraced
RM 498,000
JALAN RAINTREE 6
1,324 sqft · RM 376 PSF
RM 530,000
JALAN RAINTREE 7
1,324 sqft · RM 400 PSF
RM 565,000
JALAN RAINTREE 5
1,324 sqft · RM 427 PSF
RM 575,000
JALAN RAINTREE 6
1,324 sqft · RM 434 PSF
1,550 sqft
Town House
RM 450,000
Level 1
1,542 sqft · RM 292 PSF
1,650 sqft
Town House
RM 420,000
Level 1
1,629 sqft · RM 258 PSF
1,800 sqft
Double Storey Terraced
RM 650,000
JALAN RAINTREE 7
1,819 sqft · RM 357 PSF
2,150 sqft
Double Storey Semi-D
RM 665,000
LORONG RAINTREE 10
2,164 sqft · RM 307 PSF
2,800 sqft
Double Storey Semi-D
RM 700,000
LORONG RAINTREE 8
2,820 sqft · RM 248 PSF
RM 680,000
LORONG RAINTREE 10
2,809 sqft · RM 242 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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