TAMAN PELANGI

Area Intelligence
2023
Median Price
RM 640,000
PSF: RM 308

Residential PSF Trends

Median Price

RM 620,000

PSF: RM 305

Commercial PSF Trends

Median Price

RM 2,792,000

RM 1,457 PSF

TAMAN PELANGI in Johor Bahru, Johor recorded 117 subsale transactions in 2023, with a median price of RM 640K and a median price per square foot (PSF) of RM 308.

This area contains both residential and commercial properties. View 293 residential properties or 34 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 640K, with most transactions falling within a stable range of RM 1.05 million to RM 825K, and a typical market range of RM 1.05 million to RM 813K.

Most transactions involved 1 - 1 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 246 to RM 370 in the core range. The broader market spans RM 240.25 to RM 375.75, indicating diverse property characteristics. The spread of RM 135.50 (IQR) and deviation of RM 62 (MAD) suggest moderate price variations reflecting different property features.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Steady transaction activity supports reliable market pricing.

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TAMAN PELANGI, Johor Bahru, Johor

OSM

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Transactions

12 transactions grouped by size

2,800 sqft
Double Storey Semi-D
RM 1,050,000
JALAN CERMAT 6
2,800 sqft · RM 375 PSF
3,000 sqft
Double Storey Semi-D
RM 1,188,000
JALAN JINGGA
3,014 sqft · RM 394 PSF
RM 1,300,000
JALAN SERAMPANG
3,014 sqft · RM 431 PSF
3,150 sqft
Double Storey Terraced
RM 1,100,000
JALAN KUNING MUDA 3
3,165 sqft · RM 348 PSF
3,200 sqft
Double Storey Semi-D
RM 1,100,000
JALAN SERAMPANG
3,186 sqft · RM 345 PSF
3,500 sqft
Double Storey Semi-D
RM 1,150,000
JALAN JINGGA
3,488 sqft · RM 330 PSF
3,600 sqft
Double Storey Semi-D
RM 1,400,000
JALAN JINGGA 5
3,612 sqft · RM 388 PSF
3,650 sqft
Double Storey Terraced
RM 1,200,000
JALAN UNGU 2
3,634 sqft · RM 330 PSF
3,700 sqft
Double Storey Terraced
RM 1,200,000
JALAN SRI PELANGI
3,692 sqft · RM 325 PSF
4,750 sqft
Double Storey Semi-D
RM 1,300,000
JALAN BIRU 2
4,748 sqft · RM 274 PSF
RM 1,300,000
JALAN BIRU 2
4,748 sqft · RM 274 PSF
9,350 sqft
Bungalow
RM 1,775,000
JALAN UNGU 7
9,354 sqft · RM 190 PSF

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