Penang
Seberang Perai Selatan
15
RAINTREE PARK2

RAINTREE PARK2

Area Intelligence

2023

Median Price

RM 680,000

PSF: RM 248

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Residential PSF Trends

Median Price

RM 680,000

PSF: RM 248

RAINTREE PARK2 in Seberang Perai Selatan, Penang recorded 3 subsale transactions in 2023, with a median price of RM 680K and a median price per square foot (PSF) of RM 248.

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 680K, with most transactions falling within a stable range of RM 666K to RM 694K, and a typical market range of RM 665K to RM 700K.

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

The median PSF stands at RM 248, with core pricing between RM 219 and RM 277. Market pricing typically extends from RM 199.00 to RM 297.00, reflecting moderate variation in unit pricing. 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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