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 |
|---|
|
Level 6
|
RM 250,000
|
RM 430
|
581 sqft
|
|
|
|
Level 17
|
RM 190,000
|
RM 327
|
581 sqft
|
|
|
|
Level 14
|
RM 195,000
|
RM 335
|
581 sqft
|
|
|
|
Level 14
|
RM 201,000
|
RM 346
|
581 sqft
|
|
|
|
Level 6
|
RM 195,000
|
RM 335
|
581 sqft
|
|
|
|
Level 9
|
RM 200,000
|
RM 344
|
581 sqft
|
|
|
Level 3
|
RM 300,000
|
RM 387
|
775 sqft
|
|
|
|
Level 10
|
RM 300,000
|
RM 387
|
775 sqft
|
|
|
|
Level 3
|
RM 350,000
|
RM 452
|
775 sqft
|
|
|
|
Level 5
|
RM 270,000
|
RM 348
|
775 sqft
|
|
|
|
Level 14
|
RM 290,000
|
RM 374
|
775 sqft
|
|
|
|
Level 9
|
RM 300,000
|
RM 387
|
775 sqft
|
|
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Market Snapshot
ResidentialRM 225,000
RM 349 psfMedian transaction price
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
MapsTaman Pelangi in Timur Laut, Penang recorded 33 Flat properties subsale transactions between 2021 and 2026, with a median price of RM 225K and a median price per square foot (PSF) of RM 349.
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 225K, with most transactions falling within a stable range of RM 165K to RM 285K, and a typical market range of RM 178K to RM 272K.
Within the Flat category, flats dominated the market, with minimal variety in property types.
The median PSF stands at RM 349, with core pricing between RM 299 and RM 400. Market pricing typically extends from RM 323.25 to RM 375.25, reflecting moderate variation in unit pricing. With an IQR of RM 52.00 and MAD of RM 50, 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. Moderate transaction volume may require patience when buying or selling.