TAMAN PELANGI

TAMAN PELANGI in Timur Laut, Penang recorded 28 Flat properties subsale transactions between 2021 and 2025 for flat properties, with a median price of RM 223K and a median price per square foot (PSF) of RM 349.

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 223K, with most transactions falling within a stable range of RM 160K to RM 285K, and a typical market range of RM 176K to RM 269K.

Within the Flat category, flats dominated the market, with minimal variety in property types.

The median PSF stands at RM 349, with core pricing between RM 296 and RM 401. Market pricing typically extends from RM 322.50 to RM 374.50, reflecting moderate variation in unit pricing. With an IQR of RM 52.00 and MAD of RM 52, the PSF demonstrates reasonable consistency across the market.

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. Moderate transaction volume may require patience when buying or selling.