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Market Snapshot
ResidentialRM 90,000
RM 164 psfMedian transaction price
Taman Pelangi, Perai, Pulau Pinang, Malaysia
MapsTaman Pelangi in Seberang Perai Tengah, Penang recorded 0 subsale transactions in 2026, with a median price of RM 90K and a median price per square foot (PSF) of RM 164.
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 90K, with most transactions falling within a stable range of RM 75K to RM 105K, and a typical market range of RM 69K to RM 111K.
Most transactions involved low-cost flat, with minimal variety in property types.
The median PSF stands at RM 164, with core pricing between RM 138 and RM 190. Market pricing typically extends from RM 132.50 to RM 195.50, reflecting moderate variation in unit pricing. The spread of RM 63.00 (IQR) and deviation of RM 26 (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. Limited transaction history suggests carefully evaluating comparable sales data.