Penang
Timur Laut
Georgetown
TAMAN PELANGI

TAMAN PELANGI

Area Intelligence

2022

Median Price

RM 217,500

PSF: RM 374

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Residential PSF Trends

Median Price

RM 217,500

PSF: RM 374

TAMAN PELANGI in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 218K and a median price per square foot (PSF) of RM 374.

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 218K, with most transactions falling within a stable range of RM 205K to RM 225K, and a typical market range of RM 195K to RM 225K.

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

For price per square foot, the median is RM 374, with most transactions between RM 353 and RM 395. The usual range is RM 348.00 to RM 400.00, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 21, the PSF demonstrates reasonable consistency across the market.

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.

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TAMAN PELANGI, Timur Laut, Penang

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