TAMAN PELANGI INDAH in Timur Laut, Penang recorded 10 subsale transactions in 2023, with a median price of RM 343K and a median price per square foot (PSF) of RM 497.
This area contains both residential and commercial properties. View 26 residential properties or 5 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 343K, with most transactions falling within a stable range of RM 308K to RM 378K, and a typical market range of RM 308K to RM 378K.
Most transactions involved flats, though some variety exists in the market.
For price per square foot, the median is RM 497, with most transactions between RM 454 and RM 540. The usual range is RM 454.25 to RM 539.75, showing that most units are priced quite close to each other. With an IQR of RM 85.50 and MAD of RM 43, 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.
