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 485K to RM 795K, and a typical market range of RM 467K 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 244 to RM 373 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 65 (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.
