| Road | Price | PSF | Size | Date | Type |
|---|
|
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
|
|
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Market Snapshot
ResidentialRM 350,000
RM 508 psfMedian transaction price
Lorong Penawar 2, Taman Ara, 11600 Jelutong, Pulau Pinang, Malaysia
MapsTaman Sinar Pelangi (Lavender Park) in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2026, with a median price of RM 350K and a median price per square foot (PSF) of RM 508.
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 350K, with most transactions falling within a stable range of RM 295K to RM 400K, and a typical market range of RM 309K to RM 391K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM 508, with core pricing between RM 438 and RM 578. Market pricing typically extends from RM 457.56 to RM 558.56, reflecting moderate variation in unit pricing. With an IQR of RM 101.00 and MAD of RM 70, 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.