Taman Pelangi

Perai, Pulau Pinang, Malaysia

Property Transactions

7 subsales grouped by size

Median
RM 150,000
PSF
RM 239
Price Size
Period
transactions middle 50% (P25–P75)
500 sqft
LC Flat
RM 155,000
Level 2
506 sqft · RM 306 PSF
RM 150,000
Level 1
506 sqft · RM 297 PSF
RM 121,000
Level 4
506 sqft · RM 239 PSF
700 sqft
LC Flat
RM 170,000
Level 4
689 sqft · RM 247 PSF
RM 150,000
Level 5
689 sqft · RM 218 PSF
RM 145,000
Level 1
689 sqft · RM 210 PSF
RM 100,000
Level 3
689 sqft · RM 145 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM 150,000

RM 239 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 7 subsale transactions in 2025, with a median price of RM 150K and a median price per square foot (PSF) of RM 239.

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 150K, with most transactions falling within a stable range of RM 128K to RM 170K, and a typical market range of RM 129K to RM 170K.

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

Price per square foot shows a median of RM 239, though individual units vary from RM 189 to RM 290 in the core range. The broader market spans RM 207.68 to RM 270.68, indicating diverse property characteristics. The spread of RM 63.00 (IQR) and deviation of RM 51 (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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.