| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 7
|
RM 290,000
|
RM 435
|
667 sqft
|
|
|
|
Level 4
|
RM 300,000
|
RM 450
|
667 sqft
|
|
|
Level 5
|
RM 350,000
|
RM 508
|
689 sqft
|
|
|
|
Level 8
|
RM 248,000
|
RM 360
|
689 sqft
|
|
|
|
Level 2
|
RM 350,000
|
RM 508
|
689 sqft
|
|
|
|
Level 4
|
RM 380,000
|
RM 552
|
689 sqft
|
|
|
|
Level 3
|
RM 380,000
|
RM 552
|
689 sqft
|
|
|
|
Level 7
|
RM 270,000
|
RM 392
|
689 sqft
|
|
|
Level 5
|
RM 400,000
|
RM 539
|
743 sqft
|
|
|
|
Level 5
|
RM 380,000
|
RM 512
|
743 sqft
|
|
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Market Snapshot
ResidentialRM 305,000
RM 448 psfMedian transaction price
Lorong Penawar 2, Taman Ara, 11600 Jelutong, Pulau Pinang, Malaysia
MapsTaman Sinar Pelangi (Lavender Park) in Timur Laut, Penang recorded 18 subsale transactions between 2021 and 2026, with a median price of RM 305K and a median price per square foot (PSF) of RM 450.
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 305K, with most transactions falling within a stable range of RM 265K to RM 345K, and a typical market range of RM 264K to RM 346K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM 450, with core pricing between RM 392 and RM 508. Market pricing typically extends from RM 399.03 to RM 500.03, reflecting moderate variation in unit pricing. With an IQR of RM 101.00 and MAD of RM 58, 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.