TAMAN PELANGI

TAMAN PELANGI in Timur Laut, Penang recorded 13 subsale transactions in 2023, with a median price of RM 230K and a median price per square foot (PSF) of RM 361.

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 230K, with most transactions falling within a stable range of RM 162K to RM 298K, and a typical market range of RM 184K to RM 277K.

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

The median PSF stands at RM 361, with core pricing between RM 300 and RM 422. Market pricing typically extends from RM 335.00 to RM 387.00, reflecting moderate variation in unit pricing. The spread of RM 52.00 (IQR) and deviation of RM 61 (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.