RAINTREE PARK2

Area Intelligence
2024
Median Price
RM 523,000
PSF: RM 331

Residential PSF Trends

Median Price

RM 523,000

PSF: RM 331

RAINTREE PARK2 in Seberang Perai Selatan, Penang recorded 7 subsale transactions in 2024, with a median price of RM 523K and a median price per square foot (PSF) of RM 331.

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 523K, with most transactions falling within a stable range of RM 494K to RM 552K, and a typical market range of RM 490K to RM 585K.

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 331, with most transactions between RM 302 and RM 360. The usual range is RM 282.00 to RM 380.00, showing that most units are priced quite close to each other. With an IQR of RM 98.00 and MAD of RM 29, 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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Transactions

7 transactions grouped by size

1,300 sqft
Double Storey Terraced
RM 490,000
JALAN RAINTREE 6
1,324 sqft · RM 370 PSF
RM 523,000
JALAN RAINTREE 7
1,324 sqft · RM 395 PSF
1,650 sqft
Town House
RM 539,000
Level G
1,629 sqft · RM 331 PSF
RM 539,000
Level 1
1,629 sqft · RM 331 PSF
RM 523,000
Level 1
1,629 sqft · RM 321 PSF
RM 500,000
Level 1
1,629 sqft · RM 307 PSF
1,800 sqft
Double Storey Terraced
RM 585,000
JALAN RAINTREE 6
1,808 sqft · RM 324 PSF

No Properties For Sale

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

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