TAMAN PELANGI

TAMAN PELANGI in Seberang Perai Tengah, Penang recorded 33 subsale transactions in 2022, with a median price of RM 84K and a median price per square foot (PSF) of RM 150.

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 84K, with most transactions falling within a stable range of RM 69K to RM 99K, and a typical market range of RM 69K to RM 99K.

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

The median PSF stands at RM 150, with core pricing between RM 125 and RM 175. Market pricing typically extends from RM 120.00 to RM 180.00, reflecting moderate variation in unit pricing. The spread of RM 60.00 (IQR) and deviation of RM 25 (MAD) suggest moderate price variations reflecting different property features.

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.