TAMAN PELANGI

TAMAN PELANGI in Timur Laut, Penang recorded 31 subsale transactions between 2021 and 2025, with a median price of RM 210K and a median price per square foot (PSF) of RM 348.

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 210K, with most transactions falling within a stable range of RM 175K to RM 245K, and a typical market range of RM 166K to RM 255K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM 348, with most transactions between RM 324 and RM 372. The usual range is RM 324.25 to RM 371.75, showing that most units are priced quite close to each other. A typical spread (IQR) of RM 47.50 and an average deviation (MAD) of RM 24 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. Moderate transaction volume may require patience when buying or selling.