Raintree Park2
Villa Raintree II, Jalan Raintree, Kampung Cempedak, 14120 Simpang Ampat, Pulau Pinang, Malaysia
Villa Raintree II, Jalan Raintree, Kampung Cempedak, 14120 Simpang Ampat, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 1
|
RM 450,000
|
RM 292
|
1,542 sqft
|
|
|
Jalan Raintree 7
|
RM 530,000
|
RM 328
|
1,615 sqft
|
|
|
|
Jalan Raintree 5
|
RM 565,000
|
RM 350
|
1,615 sqft
|
|
|
|
Jalan Raintree 6
|
RM 575,000
|
RM 356
|
1,615 sqft
|
|
|
|
Jalan Raintree 7
|
RM 650,000
|
RM 403
|
1,615 sqft
|
|
|
Level 1
|
RM 420,000
|
RM 258
|
1,629 sqft
|
|
|
Jalan Raintree 6
|
RM 498,000
|
RM 286
|
1,744 sqft
|
|
|
Lorong Raintree 10
|
RM 665,000
|
RM 307
|
2,164 sqft
|
|
|
Lorong Raintree 8
|
RM 700,000
|
RM 248
|
2,820 sqft
|
|
|
|
Lorong Raintree 10
|
RM 680,000
|
RM 242
|
2,809 sqft
|
|
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Market Snapshot
ResidentialRM 570,000
RM 300 psfMedian transaction price
Villa Raintree II, Jalan Raintree, Kampung Cempedak, 14120 Simpang Ampat, Pulau Pinang, Malaysia
MapsRaintree 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 300.
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 494K to RM 646K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
The median PSF stands at RM 300, with core pricing between RM 250 and RM 349. Market pricing typically extends from RM 248.58 to RM 350.58, reflecting moderate variation in unit pricing. The spread of RM 102.00 (IQR) and deviation of RM 50 (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.