TAMAN PELANGI

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 183K to RM 278K, and a typical market range of RM 183K to RM 277K.

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

For price per square foot, the median is RM 361, with most transactions between RM 336 and RM 387. The usual range is RM 335.00 to RM 387.00, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 26, 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.