Taman Pelangi

Perai, Pulau Pinang, Malaysia

Property Transactions

42 subsales grouped by size

Median
RM 112,500
PSF
RM 204
Price Size
Period
transactions middle 50% (P25–P75)
500 sqft
LC Flat
RM 155,000
Level 2
506 sqft · RM 306 PSF
RM 121,000
Level 4
506 sqft · RM 239 PSF
RM 150,000
Level 1
506 sqft · RM 297 PSF
RM 90,000
Level 4
506 sqft · RM 178 PSF
RM 150,000
Level 1
506 sqft · RM 297 PSF
RM 120,000
Level 1
506 sqft · RM 237 PSF
+25 more
700 sqft
LC Flat
RM 170,000
Level 4
689 sqft · RM 247 PSF
RM 150,000
Level 5
689 sqft · RM 218 PSF
RM 145,000
Level 1
689 sqft · RM 210 PSF
RM 100,000
Level 3
689 sqft · RM 145 PSF
RM 175,000
Level 2
689 sqft · RM 254 PSF
RM 130,000
Level 3
700 sqft · RM 186 PSF
+5 more
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM 112,500

RM 204 psf

Median transaction price

High

Rental Yield Data

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Taman Pelangi
© OpenStreetMap · CARTO

Taman Pelangi, Perai, Pulau Pinang, Malaysia

Maps

Taman Pelangi in Seberang Perai Tengah, Penang recorded 42 subsale transactions between 2021 and 2026, with a median price of RM 113K and a median price per square foot (PSF) of RM 204.

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 113K, with most transactions falling within a stable range of RM 84K to RM 141K, and a typical market range of RM 92K to RM 133K.

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

Price per square foot shows a median of RM 204, though individual units vary from RM 154 to RM 253 in the core range. The broader market spans RM 172.10 to RM 235.10, indicating diverse property characteristics. The spread of RM 63.00 (IQR) and deviation of RM 49 (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.