TAMAN PELANGI

TAMAN PELANGI in Seberang Perai Tengah, Penang recorded 30 subsale transactions in 2023, with a median price of RM 95K and a median price per square foot (PSF) of RM 161.

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 95K, with most transactions falling within a stable range of RM 73K to RM 117K, and a typical market range of RM 80K to RM 110K.

Most transactions involved low-cost flat, with minimal variety in property types.

Price per square foot shows a median of RM 161, though individual units vary from RM 115 to RM 207 in the core range. The broader market spans RM 131.00 to RM 191.00, indicating diverse property characteristics. A wider spread (IQR: RM 60.00) and deviation (MAD: RM 46) 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. Moderate transaction volume may require patience when buying or selling.