| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 2
|
RM 155,000
|
RM 306
|
506 sqft
|
|
|
|
Level 4
|
RM 121,000
|
RM 239
|
506 sqft
|
|
|
|
Level 1
|
RM 150,000
|
RM 297
|
506 sqft
|
|
|
|
Level 4
|
RM 90,000
|
RM 178
|
506 sqft
|
|
|
|
Level 1
|
RM 150,000
|
RM 297
|
506 sqft
|
|
|
|
Level 1
|
RM 120,000
|
RM 237
|
506 sqft
|
|
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Market Snapshot
ResidentialRM 85,000
RM 168 psfMedian transaction price
Taman Pelangi, Perai, Pulau Pinang, Malaysia
MapsTaman Pelangi in Seberang Perai Tengah, Penang recorded 81 subsale transactions between 2021 and 2026, sized between 475 and 524 sqft, with a median price of RM 85K and a median price per square foot (PSF) of RM 168.
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 85K, with most transactions falling within a stable range of RM 60K to RM 110K, and a typical market range of RM 64K to RM 106K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 168, though individual units vary from RM 119 to RM 217 in the core range. The broader market spans RM 136.52 to RM 199.52, indicating diverse property characteristics. A wider spread (IQR: RM 63.00) and deviation (MAD: RM 49) indicate significant PSF variations, likely due to diverse property types or conditions.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.