TAMAN PELANGI INDAH in Timur Laut, Penang recorded 10 subsale transactions in 2022, with a median price of RM 380K and a median price per square foot (PSF) of RM 536.
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 380K, with most transactions falling within a stable range of RM 310K to RM 496K, and a typical market range of RM 345K to RM 415K.
Most transactions involved flats, though some variety exists in the market.
The median PSF stands at RM 536, with core pricing between RM 460 and RM 611. Market pricing typically extends from RM 492.75 to RM 578.25, reflecting moderate variation in unit pricing. With an IQR of RM 85.50 and MAD of RM 76, 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.
