Raintree PARK2
Seberang Perai Selatan, Penang · Terraced house · Freehold
Homes in Raintree PARK2 have sold for a median of
RM539,500
RM338 psf on the recorded floor area
Half of the 38 recorded sales fell between RM498,500 and RM650,000. One in ten went under RM433,300, one in ten over RM696,500. Sales run from 14 October 2021 to 23 February 2026.
Down 11% from a RM598,000 median in 2021 to RM531,000 in 2024.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What terraced house sell for across Penang, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as terraced house under a Freehold title. Landed homes here are usually compared by whole-house price rather than psf alone; title type still matters when you sell or borrow — strata vs individual title.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM598,000 | RM370 psf | 5 |
| 2022 | RM530,000 | RM328 psf | 12 |
| 2023 | RM570,000 | RM350 psf | 10 |
| 2024 | RM531,000 | RM331 psf | 8 |
| 2025 | RM550,000 | RM339 psf | 2 |
| 2026 | RM370,000 | RM240 psf | 1 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other terraced house schemes in Seberang Perai Selatan with enough recorded sales, cheapest first. By median sold price, Raintree PARK2 sits 37 of 49 in that set.
30 cheaper schemes above
6 dearer schemes below
Against Penang
Across Penang, the median recorded sale for terraced house is RM409,600 (RM373 psf), from 3,162 sales. Raintree PARK2’s own median is RM539,500 — higher than that state median. Full Penang table.
Cash and monthly on the RM539,500 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM53,950
- Transfer duty (MOT): RM10,185
- Loan duty (0.5%): RM2,428
- Total cash: RM66,563
Monthly carry
- Instalment (35y @ 4.00%): RM2,150
- Total monthly: RM2,150
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Raintree PARK2 sold for?
- A median of RM539,500 (RM338 psf), from 38 land-office transactions between 14 October 2021 and 23 February 2026.
- What is a typical band here?
- Half of recorded sales fell between RM498,500 and RM650,000. One in ten went under RM433,300; one in ten over RM696,500.
- Has the median moved?
- From RM598,000 in 2021 to RM531,000 in 2024 (-11%), using only years with five or more sales.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.