| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 4
|
RM 100,000
|
RM 127
|
786 sqft
|
|
|
|
Level 1
|
RM 120,000
|
RM 153
|
786 sqft
|
|
|
|
Level 5
|
RM 110,000
|
RM 140
|
786 sqft
|
|
|
Jalan Pelangi 12
|
RM 253,000
|
RM 287
|
883 sqft
|
|
|
Jalan Pelangi 9
|
RM 650,000
|
RM 495
|
1,313 sqft
|
|
|
|
Jalan Pelangi 2
|
RM 420,000
|
RM 320
|
1,313 sqft
|
|
|
|
Jalan Pelangi 7
|
RM 418,000
|
RM 318
|
1,313 sqft
|
|
|
|
Jalan Pelangi 7
|
RM 425,000
|
RM 324
|
1,313 sqft
|
|
|
|
Jalan Pelangi 7
|
RM 430,000
|
RM 327
|
1,313 sqft
|
|
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Market Snapshot
ResidentialRM 418,000
RM 318 psfMedian transaction price
Taman Pelangi, 48000 Rawang, Selangor, Malaysia
MapsTaman Pelangi in Gombak, Selangor recorded 9 subsale transactions in 2023, with a median price of RM 418K and a median price per square foot (PSF) of RM 318.
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 418K, with most transactions falling within a stable range of RM 239K to RM 597K, and a typical market range of RM 341K to RM 495K.
Most transactions involved 2 - 2 1/2 storey terraced, with high diversity across multiple property types.
Price per square foot shows a median of RM 318, though individual units vary from RM 207 to RM 430 in the core range. The broader market spans RM 300.19 to RM 336.44, indicating diverse property characteristics. A wider spread (IQR: RM 36.25) and deviation (MAD: RM 112) indicate significant PSF variations, likely due to diverse property types or conditions.
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.