| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 7
|
RM 279,000
|
RM 405
|
689 sqft
|
|
|
|
Level 6
|
RM 310,000
|
RM 446
|
695 sqft
|
|
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Market Snapshot
ResidentialRM 294,500
RM 425 psfMedian transaction price
Lorong Penawar 2, Taman Ara, 11600 Jelutong, Pulau Pinang, Malaysia
MapsTaman 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 425.
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 279K to RM 310K, and a typical market range of RM 279K to RM 310K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM 425, with most transactions between RM 405 and RM 446. The usual range is RM 374.91 to RM 475.91, showing that most units are priced quite close to each other. With an IQR of RM 101.00 and MAD of RM 20, 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.