Taman Pelangi
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2025 | |||||
|
Level 6
|
RM 250,000
|
RM 430
|
581 sqft
|
|
Flat |
|
Level 17
|
RM 190,000
|
RM 327
|
581 sqft
|
|
Flat |
|
Level 14
|
RM 195,000
|
RM 335
|
581 sqft
|
|
Flat |
| 2024 | |||||
|
Level 14
|
RM 201,000
|
RM 346
|
581 sqft
|
|
Flat |
|
Level 9
|
RM 200,000
|
RM 344
|
581 sqft
|
|
Flat |
|
Level 6
|
RM 195,000
|
RM 335
|
581 sqft
|
|
Flat |
|
Level 6
|
RM 200,000
|
RM 344
|
581 sqft
|
|
Flat |
| 2023 | |||||
|
Level 4
|
RM 150,000
|
RM 258
|
581 sqft
|
|
Flat |
|
Level 10
|
RM 220,000
|
RM 378
|
581 sqft
|
|
Flat |
|
Level 12
|
RM 175,000
|
RM 301
|
581 sqft
|
|
Flat |
|
Level 16
|
RM 192,000
|
RM 330
|
581 sqft
|
|
LC Flat |
|
Level 11
|
RM 230,000
|
RM 396
|
581 sqft
|
|
Flat |
|
Level 17
|
RM 203,000
|
RM 349
|
581 sqft
|
|
Flat |
|
Level 4
|
RM 150,000
|
RM 258
|
581 sqft
|
|
Flat |
| 2022 | |||||
|
Level 12
|
RM 225,000
|
RM 387
|
581 sqft
|
|
Flat |
|
Level 11
|
RM 195,000
|
RM 335
|
581 sqft
|
|
Flat |
|
Level 7
|
RM 210,000
|
RM 361
|
581 sqft
|
|
Flat |
| 2021 | |||||
|
Level 11
|
RM 188,000
|
RM 323
|
581 sqft
|
|
Flat |
|
Level 4
|
RM 200,000
|
RM 344
|
581 sqft
|
|
Flat |
|
Level 3
|
RM 160,000
|
RM 275
|
581 sqft
|
|
Flat |
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Market Snapshot
ResidentialRM 197,500
RM 340 psfMedian transaction price
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
MapsTaman Pelangi in Timur Laut, Penang recorded 20 subsale transactions between 2021 and 2026, sized between 575 and 624 sqft, with a median price of RM 198K and a median price per square foot (PSF) of RM 340.
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 198K, with most transactions falling within a stable range of RM 173K to RM 222K, and a typical market range of RM 150K to RM 245K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM 340, with core pricing between RM 298 and RM 382. Market pricing typically extends from RM 313.78 to RM 365.78, reflecting moderate variation in unit pricing. With an IQR of RM 52.00 and MAD of RM 42, 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.