| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 4
|
RM 120,000
|
RM 237
|
506 sqft
|
|
|
|
Level 4
|
RM 83,000
|
RM 164
|
506 sqft
|
|
|
|
Level 3
|
RM 65,000
|
RM 128
|
506 sqft
|
|
|
|
Level 1
|
RM 90,000
|
RM 178
|
506 sqft
|
|
|
|
Level 1
|
RM 75,000
|
RM 148
|
506 sqft
|
|
|
|
Level 1
|
RM 70,000
|
RM 138
|
506 sqft
|
|
|
Level 2
|
RM 90,000
|
RM 131
|
689 sqft
|
|
|
|
Level 1
|
RM 130,000
|
RM 189
|
689 sqft
|
|
|
|
Level 4
|
RM 90,000
|
RM 131
|
689 sqft
|
|
|
|
Level 3
|
RM 93,000
|
RM 135
|
689 sqft
|
|
|
|
Level 4
|
RM 78,000
|
RM 113
|
689 sqft
|
|
|
|
Level 2
|
RM 120,000
|
RM 174
|
689 sqft
|
|
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Market Snapshot
ResidentialRM 83,000
RM 141 psfMedian transaction price
Taman Pelangi, Perai, Pulau Pinang, Malaysia
MapsTaman Pelangi in Seberang Perai Tengah, Penang recorded 26 subsale transactions in 2021, with a median price of RM 83K and a median price per square foot (PSF) of RM 141.
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 83K, with most transactions falling within a stable range of RM 66K to RM 100K, and a typical market range of RM 63K to RM 104K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 141, though individual units vary from RM 112 to RM 170 in the core range. The broader market spans RM 109.83 to RM 172.83, indicating diverse property characteristics. The spread of RM 63.00 (IQR) and deviation of RM 29 (MAD) suggest moderate price variations reflecting different property features.
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.