Area Intelligence

RAINTREE PARK2

10 properties
2023
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Median Price
RM 570,000
PSF: RM 332

Residential Market

Median Price

RM 570,000

IQR: RM 97
MAD: RM 55
RM 332 PSF 3.8%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

RAINTREE 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 332.

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 495K to RM 645K.

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 332, though individual units vary from RM 262 to RM 402 in the core range. The broader market spans RM 283.50 to RM 380.50, indicating diverse property characteristics. The spread of RM 97.00 (IQR) and deviation of RM 70 (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.

Area Location

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RAINTREE PARK2, Seberang Perai Selatan, Penang

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Transactions

10 properties grouped by size

1,300 sqft
4 units Double Storey Terraced
RM 498,000
JLN RAINTREE 6
1,324 sqft · RM 376.00 PSF
Dec 2023
RM 530,000
JALAN RAINTREE 7
1,324 sqft · RM 400.00 PSF
Nov 2023
RM 565,000
JALAN RAINTREE 5
1,324 sqft · RM 427.00 PSF
Aug 2023
RM 575,000
JLN RAINTREE 6
1,324 sqft · RM 434.00 PSF
Aug 2023
1,550 sqft
1 units Town House
RM 450,000
1,542 sqft · RM 292.00 PSF
Mar 2023
1,650 sqft
1 units Town House
RM 420,000
1,629 sqft · RM 258.00 PSF
Dec 2023
1,800 sqft
1 units Double Storey Terraced
RM 650,000
JALAN RAINTREE 7
1,819 sqft · RM 357.00 PSF
Jun 2023
2,150 sqft
1 units Double Storey Semi-D
RM 665,000
LORONG RAINTREE 10
2,164 sqft · RM 307.00 PSF
Apr 2023
2,800 sqft
2 units Double Storey Semi-D
RM 700,000
LORONG RAINTREE 8
2,820 sqft · RM 248.00 PSF
Jul 2023
RM 680,000
LORONG RAINTREE 10
2,809 sqft · RM 242.00 PSF
Feb 2023