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 195,000
|
RM 335
|
581 sqft
|
|
|
|
Level 9
|
RM 200,000
|
RM 344
|
581 sqft
|
|
|
|
Level 14
|
RM 201,000
|
RM 346
|
581 sqft
|
|
|
|
Level 6
|
RM 200,000
|
RM 344
|
581 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
|
|
|
|
Level 17
|
RM 270,000
|
RM 348
|
775 sqft
|
|
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Market Snapshot
ResidentialRM 270,000
RM 348 psfMedian transaction price
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
MapsTaman 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 217K to RM 323K, and a typical market range of RM 223K to RM 317K.
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 314 and RM 383. The usual range is RM 322.39 to RM 374.39, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 35, 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.