| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 5
|
RM 75,000
|
RM 148
|
506 sqft
|
|
|
|
Level 1
|
RM 130,000
|
RM 257
|
506 sqft
|
|
|
|
Level 4
|
RM 85,000
|
RM 168
|
506 sqft
|
|
|
|
Level 3
|
RM 83,000
|
RM 164
|
506 sqft
|
|
|
|
Level 5
|
RM 150,000
|
RM 297
|
506 sqft
|
|
|
|
Level 5
|
RM 100,000
|
RM 198
|
506 sqft
|
|
|
Level 3
|
RM 102,000
|
RM 148
|
689 sqft
|
|
|
|
Level 5
|
RM 95,000
|
RM 138
|
689 sqft
|
|
|
|
Level 3
|
RM 120,000
|
RM 174
|
689 sqft
|
|
|
|
Level 3
|
RM 90,000
|
RM 131
|
689 sqft
|
|
|
|
Level 5
|
RM 87,000
|
RM 124
|
700 sqft
|
|
|
|
Level 3
|
RM 95,000
|
RM 138
|
689 sqft
|
|
|
|
Level 2
|
RM 95,000
|
RM 138
|
689 sqft
|
|
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Market Snapshot
ResidentialRM 95,000
RM 161 psfMedian transaction price
Taman Pelangi, Perai, Pulau Pinang, Malaysia
MapsTaman 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 74K to RM 116K.
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 116 to RM 207 in the core range. The broader market spans RM 129.60 to RM 192.60, indicating diverse property characteristics. A wider spread (IQR: RM 63.00) 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.