TAMAN PELANGI

TAMAN PELANGI in Seberang Perai Tengah, Penang recorded 78 subsale transactions between 2021 and 2025, with a median price of RM 85K and a median price per square foot (PSF) of RM 167.

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 62K to RM 107K, and a typical market range of RM 70K to RM 99K.

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

Price per square foot shows a median of RM 167, though individual units vary from RM 122 to RM 212 in the core range. The broader market spans RM 137.00 to RM 197.00, indicating diverse property characteristics. A wider spread (IQR: RM 60.00) and deviation (MAD: RM 45) 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.