RAINTREE PARK 1

RAINTREE PARK 1 in Seberang Perai Selatan, Penang recorded 21 subsale transactions in 2022, with a median price of RM 531K and a median price per square foot (PSF) of RM 317.

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 531K, with most transactions falling within a stable range of RM 451K to RM 611K, and a typical market range of RM 477K to RM 585K.

Most transactions involved 2 - 2 1/2 storey terraced, with moderate diversity in property types available.

Price per square foot shows a median of RM 317, though individual units vary from RM 242 to RM 392 in the core range. The broader market spans RM 261.50 to RM 372.50, indicating diverse property characteristics. The spread of RM 111.00 (IQR) and deviation of RM 75 (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. Despite diverse property types, prices remain relatively stable, offering options for different buyer preferences. Moderate transaction volume may require patience when buying or selling.