TAMAN PELANGI

TAMAN PELANGI in Seberang Perai Tengah, Penang recorded 18 subsale transactions in 2024, with a median price of RM 125K and a median price per square foot (PSF) of RM 221.

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 125K, with most transactions falling within a stable range of RM 110K to RM 140K, and a typical market range of RM 110K to RM 140K.

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

The median PSF stands at RM 221, with core pricing between RM 196 and RM 246. Market pricing typically extends from RM 190.50 to RM 250.50, reflecting moderate variation in unit pricing. With an IQR of RM 60.00 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.