RAINTREE PARK2

RAINTREE PARK2 in Seberang Perai Selatan, Penang recorded 12 subsale transactions in 2022, with a median price of RM 530K and a median price per square foot (PSF) of RM 308.

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 530K, with most transactions falling within a stable range of RM 420K to RM 640K, and a typical market range of RM 455K to RM 605K.

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 308, though individual units vary from RM 243 to RM 373 in the core range. The broader market spans RM 259.50 to RM 356.50, indicating diverse property characteristics. The spread of RM 97.00 (IQR) and deviation of RM 65 (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.