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 615K to RM 500K, and a typical market range of RM 467K to RM 500K.
Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.
For price per square foot, the median is RM 308, with most transactions between RM 283 and RM 333. The usual range is RM 240.25 to RM 375.75, showing that most units are priced quite close to each other. With an IQR of RM 135.50 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.
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.
