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 99K to RM 151K, 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 178 and RM 263. Market pricing typically extends from RM 190.50 to RM 250.50, reflecting moderate variation in unit pricing. The spread of RM 60.00 (IQR) and deviation of RM 42 (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. Limited transaction history suggests carefully evaluating comparable sales data.
