Taman Pelangi

Perai, Pulau Pinang, Malaysia

Property Transactions

18 subsales grouped by size

Median
RM 125,000
PSF
RM 221
Price Size
500 sqft
LC Flat
RM 90,000
Level 4
506 sqft · RM 178 PSF
RM 150,000
Level 1
506 sqft · RM 297 PSF
RM 120,000
Level 1
506 sqft · RM 237 PSF
RM 85,000
Level 3
506 sqft · RM 168 PSF
RM 125,000
Level 5
506 sqft · RM 247 PSF
RM 130,000
Level 4
506 sqft · RM 257 PSF
700 sqft
LC Flat
RM 175,000
Level 2
689 sqft · RM 254 PSF
RM 130,000
Level 3
700 sqft · RM 186 PSF
RM 110,000
Level 3
689 sqft · RM 160 PSF
RM 150,000
Level 5
700 sqft · RM 214 PSF
RM 150,000
Level 4
700 sqft · RM 214 PSF
18
transactions

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Market Snapshot

Residential

RM 125,000

RM 221 psf

Median transaction price

High

Rental Yield Data

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Taman Pelangi
© OpenStreetMap · CARTO

Taman Pelangi, Perai, Pulau Pinang, Malaysia

Maps

Taman Pelangi in Seberang Perai Tengah, Penang recorded 18 subsale transactions in 2024, with a median price of RM 125K and a median price per square foot (PSF) of RM 221.

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 125K, with most transactions falling within a stable range of RM 99K to RM 151K, and a typical market range of RM 104K to RM 146K.

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

The median PSF stands at RM 221, with core pricing between RM 179 and RM 263. Market pricing typically extends from RM 189.36 to RM 252.36, reflecting moderate variation in unit pricing. The spread of RM 63.00 (IQR) and deviation of RM 42 (MAD) suggest moderate price variations reflecting different property features.

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. Limited transaction history suggests carefully evaluating comparable sales data.