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Market Snapshot
RM 350,000
RM 508 psfMedian transaction price
RM 925,000
RM 547 psfMedian transaction price
11600, Lintang Sungai Pinang, Taman Pelangi Indah, 11600 Jelutong, Pulau Pinang, Malaysia
MapsTaman Pelangi Indah in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM 367K and a median price per square foot (PSF) of RM 512.
This area contains both residential and commercial properties. View 27 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 367K, with most transactions falling within a stable range of RM 333K to RM 400K, and a typical market range of RM 332K to RM 402K.
Most transactions involved flats, though some variety exists in the market.
For price per square foot, the median is RM 512, with most transactions between RM 469 and RM 554. The usual range is RM 470.13 to RM 552.88, showing that most units are priced quite close to each other. With an IQR of RM 82.75 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.