TAMAN PELANGI INDAH

Area Intelligence
2023
Median Price
RM 925,000
PSF: RM 553

Residential PSF Trends

Median Price

RM 352,500

PSF: RM 512

Commercial PSF Trends

Median Price

RM 925,000

RM 553 PSF

TAMAN PELANGI INDAH in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 925K and a median price per square foot (PSF) of RM 553.

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.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 553, with most transactions between RM 547 and RM 558. The usual range is RM 509.75 to RM 595.25, showing that most units are priced quite close to each other. With an IQR of RM 85.50 and MAD of RM 6, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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TAMAN PELANGI INDAH, Timur Laut, Penang

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Transactions

2 transactions grouped by size

1,650 sqft
Shop/Retail Lot
RM 925,000
Level G
1,658 sqft · RM 558 PSF
1,700 sqft
Shop/Retail Lot
RM 925,000
Level G
1,690 sqft · RM 547 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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