| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 5
|
RM 60,000
|
RM 119
|
506 sqft
|
|
|
|
Level 2
|
RM 100,000
|
RM 198
|
506 sqft
|
|
|
|
Level 5
|
RM 104,000
|
RM 206
|
506 sqft
|
|
|
|
Level 4
|
RM 106,000
|
RM 210
|
506 sqft
|
|
|
|
Level 4
|
RM 74,000
|
RM 146
|
506 sqft
|
|
|
|
Level 3
|
RM 75,000
|
RM 148
|
506 sqft
|
|
|
Level 2
|
RM 103,000
|
RM 150
|
689 sqft
|
|
|
|
Level 5
|
RM 90,000
|
RM 131
|
689 sqft
|
|
|
|
Level 3
|
RM 75,000
|
RM 109
|
689 sqft
|
|
|
|
Level 3
|
RM 95,000
|
RM 138
|
689 sqft
|
|
|
|
Level 4
|
RM 84,000
|
RM 122
|
689 sqft
|
|
|
|
Level 2
|
RM 105,000
|
RM 152
|
689 sqft
|
|
|
|
Level 3
|
RM 120,000
|
RM 172
|
700 sqft
|
|
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Market Snapshot
ResidentialRM 84,000
RM 150 psfMedian transaction price
Taman Pelangi, Perai, Pulau Pinang, Malaysia
MapsTaman Pelangi in Seberang Perai Tengah, Penang recorded 33 subsale transactions in 2022, with a median price of RM 84K and a median price per square foot (PSF) of RM 150.
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 84K, with most transactions falling within a stable range of RM 66K to RM 102K, and a typical market range of RM 63K to RM 105K.
Most transactions involved low-cost flat, with minimal variety in property types.
Price per square foot shows a median of RM 150, though individual units vary from RM 115 to RM 184 in the core range. The broader market spans RM 118.02 to RM 181.02, indicating diverse property characteristics. The spread of RM 63.00 (IQR) and deviation of RM 35 (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.