TAMAN PELANGI

Area Intelligence
2024
Median Price
RM 270,000
PSF: RM 348

Residential PSF Trends

Median Price

RM 270,000

PSF: RM 348

TAMAN PELANGI in Timur Laut, Penang recorded 9 subsale transactions in 2024, with a median price of RM 270K and a median price per square foot (PSF) of RM 348.

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 270K, with most transactions falling within a stable range of RM 227K to RM 300K, and a typical market range of RM 223K to RM 300K.

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

For price per square foot, the median is RM 348, with most transactions between RM 331 and RM 365. The usual range is RM 322.00 to RM 374.00, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 17, 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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Transactions

9 transactions grouped by size

600 sqft
Flat
RM 195,000
Level 6
581 sqft · RM 335 PSF
RM 200,000
Level 9
581 sqft · RM 344 PSF
RM 201,000
Level 14
581 sqft · RM 346 PSF
RM 200,000
Level 6
581 sqft · RM 344 PSF
800 sqft
Flat
RM 350,000
Level 3
775 sqft · RM 452 PSF
RM 270,000
Level 5
775 sqft · RM 348 PSF
RM 290,000
Level 14
775 sqft · RM 374 PSF
RM 300,000
Level 9
775 sqft · RM 387 PSF
RM 270,000
Level 17
775 sqft · RM 348 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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