TAMAN PELANGI

Area Intelligence
2022
Median Price
RM 217,500
PSF: RM 374

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 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 348.00 to RM 400.00, 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.

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TAMAN PELANGI, Timur Laut, Penang

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Transactions

4 transactions grouped by size

600 sqft
Flat
RM 225,000
Level 12
581 sqft · RM 387 PSF
RM 195,000
Level 11
581 sqft · RM 335 PSF
RM 210,000
Level 7
581 sqft · RM 361 PSF
800 sqft
Flat
RM 340,000
Level 9
775 sqft · RM 439 PSF

No Properties For Sale

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

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