Penang
Timur Laut
Georgetown
TAMAN PELANGI

TAMAN PELANGI

Area Intelligence

2021

Median Price

RM 188,000

PSF: RM 323

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Residential PSF Trends

Median Price

RM 188,000

PSF: RM 323

TAMAN PELANGI in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM 188K and a median price per square foot (PSF) of RM 323.

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 188K, with most transactions falling within a stable range of RM 171K to RM 200K, and a typical market range of RM 160K to RM 200K.

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

For price per square foot, the median is RM 323, with most transactions between RM 294 and RM 352. The usual range is RM 297.00 to RM 349.00, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 29, 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. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN PELANGI, Timur Laut, Penang

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