TAMAN PERUSAHAAN PELANGI

TAMAN PERUSAHAAN PELANGI in Seberang Perai Tengah, Penang recorded 2 subsale transactions in 2023, with a median price of RM 3.05 million and a median price per square foot (PSF) of RM 295.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 3.05 million, with most transactions falling within a stable range of RM 2.60 million to RM 3.50 million, and a typical market range of RM 2.60 million to RM 3.50 million.

Most transactions involved semi-detached factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM 295, with most transactions between RM 273 and RM 316. The usual range is RM 294.50 to RM 294.50, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 0.00 and an average deviation (MAD) of RM 22 indicate a highly stable PSF trend across properties.

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.