TAMAN PELANGI

Area Intelligence
2022
Median Price
RM 84,000
PSF: RM 150

Residential PSF Trends

Median Price

RM 84,000

PSF: RM 150

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 66K to RM 102K, and a typical market range of RM 69K to RM 99K.

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

Price per square foot shows a median of RM 150, though individual units vary from RM 115 to RM 185 in the core range. The broader market spans RM 120.00 to RM 180.00, indicating diverse property characteristics. The spread of RM 60.00 (IQR) and deviation of RM 35 (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.

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TAMAN PELANGI, Seberang Perai Tengah, Penang

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Transactions

33 transactions grouped by size

500 sqft
Low-Cost Flat
RM 60,000
Level 5
506 sqft · RM 119 PSF
RM 100,000
Level 2
506 sqft · RM 198 PSF
RM 104,000
Level 5
506 sqft · RM 206 PSF
RM 106,000
Level 4
506 sqft · RM 210 PSF
RM 74,000
Level 4
506 sqft · RM 146 PSF
RM 75,000
Level 3
506 sqft · RM 148 PSF
700 sqft
Low-Cost Flat
RM 103,000
Level 2
689 sqft · RM 150 PSF
RM 90,000
Level 5
689 sqft · RM 131 PSF
RM 75,000
Level 3
689 sqft · RM 109 PSF
RM 95,000
Level 3
689 sqft · RM 138 PSF
RM 84,000
Level 4
689 sqft · RM 122 PSF
RM 105,000
Level 2
689 sqft · RM 152 PSF
RM 120,000
Level 3
700 sqft · RM 172 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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