TAMAN PELANGI

Area Intelligence
2023
Median Price
RM 95,000
PSF: RM 161

Residential PSF Trends

Median Price

RM 95,000

PSF: RM 161

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.

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TAMAN PELANGI, Seberang Perai Tengah, Penang

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Transactions

30 transactions grouped by size

500 sqft
Low-Cost Flat
RM 75,000
Level 5
506 sqft · RM 148 PSF
RM 130,000
Level 1
506 sqft · RM 257 PSF
RM 85,000
Level 4
506 sqft · RM 168 PSF
RM 83,000
Level 3
506 sqft · RM 164 PSF
RM 150,000
Level 5
506 sqft · RM 297 PSF
RM 100,000
Level 5
506 sqft · RM 198 PSF
650 sqft
Low-Cost Flat
RM 125,000
Level 1
657 sqft · RM 190 PSF
700 sqft
Low-Cost Flat
RM 102,000
Level 3
689 sqft · RM 148 PSF
RM 95,000
Level 5
689 sqft · RM 138 PSF
RM 120,000
Level 3
689 sqft · RM 174 PSF
RM 90,000
Level 3
689 sqft · RM 131 PSF
RM 87,000
Level 5
700 sqft · RM 124 PSF
RM 95,000
Level 3
689 sqft · RM 138 PSF
RM 95,000
Level 2
689 sqft · RM 138 PSF

No Properties For Sale

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

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