TAMAN PELANGI

TAMAN PELANGI in Seberang Perai Tengah, Penang recorded 108 Low-Cost Flat properties subsale transactions between 2021 and 2025 for low-cost flat properties, with a median price of RM 90K and a median price per square foot (PSF) of RM 158.

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 90K, with most transactions falling within a stable range of RM 66K to RM 114K, and a typical market range of RM 75K to RM 105K.

Within the Low-Cost Flat category, low-cost flat dominated the market, with minimal variety in property types.

Price per square foot shows a median of RM 158, though individual units vary from RM 113 to RM 203 in the core range. The broader market spans RM 128.00 to RM 188.00, indicating diverse property characteristics. A wider spread (IQR: RM 60.00) and deviation (MAD: RM 45) indicate significant PSF variations, likely due to diverse property types or conditions.

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. Steady transaction activity supports reliable market pricing.