Penang
Timur Laut
Georgetown
TAMAN PELANGI

TAMAN PELANGI

Area Intelligence

2023

Median Price

RM 230,000

PSF: RM 361

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Residential PSF Trends

Median Price

RM 230,000

PSF: RM 361

TAMAN PELANGI in Timur Laut, Penang recorded 13 subsale transactions in 2023, with a median price of RM 230K and a median price per square foot (PSF) of RM 361.

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 230K, with most transactions falling within a stable range of RM 300K to RM 263K, and a typical market range of RM 300K to RM 277K.

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

The median PSF stands at RM 361, with core pricing between RM 319 and RM 403. Market pricing typically extends from RM 335.00 to RM 387.00, 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.

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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