TAMAN SINAR PELANGI (LAVENDER PARK)

TAMAN SINAR PELANGI (LAVENDER PARK) in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM 295K and a median price per square foot (PSF) of RM 426.

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 295K, with most transactions falling within a stable range of RM 255K to RM 335K, and a typical market range of RM 253K to RM 336K.

Most transactions involved flats, with minimal variety in property types.

The median PSF stands at RM 426, with core pricing between RM 368 and RM 484. Market pricing typically extends from RM 375.00 to RM 476.00, 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.