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 3
|
RM 300,000
|
RM 387
|
775 sqft
|
|
Flat |
|
Level 6
|
RM 250,000
|
RM 430
|
581 sqft
|
|
Flat |
|
Level 10
|
RM 300,000
|
RM 387
|
775 sqft
|
|
Flat |
|
Level 14
|
RM 195,000
|
RM 335
|
581 sqft
|
|
Flat |
|
Level 17
|
RM 190,000
|
RM 327
|
581 sqft
|
|
Flat |
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Market Snapshot
ResidentialRM 250,000
RM 387 psfMedian transaction price
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
MapsTaman Pelangi in Timur Laut, Penang recorded 5 subsale transactions in 2025, with a median price of RM 250K and a median price per square foot (PSF) of RM 387.
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 250K, with most transactions falling within a stable range of RM 202K to RM 298K, and a typical market range of RM 203K to RM 297K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM 387, with most transactions between RM 349 and RM 425. The usual range is RM 361.10 to RM 413.10, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 38, 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.