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
|
|---|---|---|---|---|---|
| 2022 | |||||
|
Level 12
|
RM 225,000
|
RM 387
|
581 sqft
|
|
Flat |
|
Level 11
|
RM 195,000
|
RM 335
|
581 sqft
|
|
Flat |
|
Level 9
|
RM 340,000
|
RM 439
|
775 sqft
|
|
Flat |
|
Level 7
|
RM 210,000
|
RM 361
|
581 sqft
|
|
Flat |
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Market Snapshot
ResidentialRM 217,500
RM 374 psfMedian transaction price
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
MapsTaman 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 195K to RM 275K, and a typical market range of RM 195K to RM 265K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM 374, with core pricing between RM 336 and RM 412. Market pricing typically extends from RM 348.19 to RM 400.19, reflecting moderate variation in unit pricing. With an IQR of RM 52.00 and MAD of RM 38, 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.