Area Intelligence

TAMAN PELANGI

30 properties
2023
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Median Price
RM 95,000
PSF: RM 161

Residential Market

Median Price

RM 95,000

IQR: RM 60
MAD: RM 25
RM 161 PSF 16.1%

PSF Trends (2021-2025)

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.

Area Location

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TAMAN PELANGI, Seberang Perai Tengah, Penang

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Transactions

30 properties grouped by size

500 sqft
22 units (showing 6) Low-Cost Flat
RM 75,000
506 sqft · RM 148.00 PSF
Dec 2023
RM 130,000
506 sqft · RM 257.00 PSF
Dec 2023
RM 85,000
506 sqft · RM 168.00 PSF
Nov 2023
RM 83,000
506 sqft · RM 164.00 PSF
Nov 2023
RM 150,000
506 sqft · RM 297.00 PSF
Oct 2023
RM 100,000
506 sqft · RM 198.00 PSF
Aug 2023
650 sqft
1 units Low-Cost Flat
RM 125,000
657 sqft · RM 190.00 PSF
Mar 2023
700 sqft
7 units Low-Cost Flat
RM 102,000
689 sqft · RM 148.00 PSF
Nov 2023
RM 95,000
689 sqft · RM 138.00 PSF
Jun 2023
RM 120,000
689 sqft · RM 174.00 PSF
Mar 2023
RM 90,000
689 sqft · RM 131.00 PSF
Mar 2023
RM 87,000
700 sqft · RM 124.00 PSF
Jan 2023
RM 95,000
689 sqft · RM 138.00 PSF
Jan 2023
RM 95,000
689 sqft · RM 138.00 PSF
Jan 2023