Area Intelligence

TAMAN PELANGI

26 properties

2021

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Median Price

RM 83,000

PSF: RM 141

Residential Market

Median Price

RM 83,000

IQR: RM 60

MAD: RM 25

RM 141 PSF 16.1%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Low-Cost Flat

113 properties

Median Price

RM 95,000

+4.8% CAGR

Median PSF

RM 150.00

+1.2% CAGR

Flat

28 properties

Median Price

RM 233,750

+12.8% CAGR

Median PSF

RM 357.25

+2.5% CAGR

Double Storey Terraced

17 properties

Median Price

RM 402,500

+45.8% CAGR

Median PSF

RM 276.50

+23.8% CAGR

Single Storey Terraced

14 properties

Median Price

RM 323,750

+2.9% CAGR

Median PSF

RM 224.00

+11.1% CAGR

Low-Cost House

11 properties

Median Price

RM 176,500

+7.1% CAGR

Median PSF

RM 210.50

+7.1% CAGR

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
Low-Cost Flat	113	RM 95,000 ±11K MAD	+4.77%	RM 150.00 ±8 MAD	+1.24%
Flat	28	RM 233,750 ±26K MAD	+12.82%	RM 357.25 ±13 MAD	+2.52%
Double Storey Terraced	17	RM 402,500 ±43K MAD	+45.81%	RM 276.50 ±30 MAD	+23.79%
Single Storey Terraced	14	RM 323,750 ±27K MAD	+2.87%	RM 224.00 ±40 MAD	+11.07%
Low-Cost House	11	RM 176,500 ±50K MAD	+7.06%	RM 210.50 ±47 MAD	+7.11%

TAMAN PELANGI in Seberang Perai Tengah, Penang recorded 26 subsale transactions in 2021, with a median price of RM 83K and a median price per square foot (PSF) of RM 141.

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 83K, with most transactions falling within a stable range of RM 66K to RM 100K, and a typical market range of RM 68K to RM 98K.

Most transactions involved low-cost flat, with minimal variety in property types.

Price per square foot shows a median of RM 141, though individual units vary from RM 112 to RM 170 in the core range. The broader market spans RM 111.00 to RM 171.00, indicating diverse property characteristics. The spread of RM 60.00 (IQR) and deviation of RM 29 (MAD) suggest moderate price variations reflecting different property features.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Moderate transaction volume may require patience when buying or selling.

Area Location

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TAMAN PELANGI, Seberang Perai Tengah, Penang

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Transactions

26 properties found

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Grouped Individual

Low-Cost Flat

RM 70,000

506 sqft Dec 2021

RM 138.00 PSF

Low-Cost Flat

RM 75,000

506 sqft Dec 2021

RM 148.00 PSF

Low-Cost Flat

RM 90,000

506 sqft Dec 2021

RM 178.00 PSF

Low-Cost Flat

RM 65,000

506 sqft Dec 2021

RM 128.00 PSF

Low-Cost Flat

RM 83,000

506 sqft Dec 2021

RM 164.00 PSF

Low-Cost Flat

RM 120,000

506 sqft Dec 2021

RM 237.00 PSF

Low-Cost Flat

RM 130,000

689 sqft Dec 2021

RM 189.00 PSF

Low-Cost Flat

RM 90,000

689 sqft Dec 2021

RM 131.00 PSF

Low-Cost Flat

RM 77,000

506 sqft Nov 2021

RM 152.00 PSF

Low-Cost Flat

RM 78,000

506 sqft Nov 2021

RM 154.00 PSF

Low-Cost Flat

RM 93,000

689 sqft Nov 2021

RM 135.00 PSF

Low-Cost Flat

RM 90,000

689 sqft Nov 2021

RM 131.00 PSF

Low-Cost Flat

RM 93,000

506 sqft Oct 2021

RM 184.00 PSF

Low-Cost Flat

RM 96,000

506 sqft Oct 2021

RM 190.00 PSF

Low-Cost Flat

RM 84,000

506 sqft Oct 2021

RM 166.00 PSF

Low-Cost Flat

RM 83,000

506 sqft Oct 2021

RM 164.00 PSF

Low-Cost Flat

RM 70,000

506 sqft Oct 2021

RM 138.00 PSF

Low-Cost Flat

RM 120,000

689 sqft Oct 2021

RM 174.00 PSF

Low-Cost Flat

RM 78,000

689 sqft Oct 2021

RM 113.00 PSF

Low-Cost Flat

RM 70,000

506 sqft Sep 2021

RM 138.00 PSF

Low-Cost Flat

RM 73,000

506 sqft Sep 2021

RM 144.00 PSF

Low-Cost Flat

RM 90,000

689 sqft Sep 2021

RM 131.00 PSF

Low-Cost Flat

RM 63,000

689 sqft Aug 2021

RM 91.00 PSF

Low-Cost Flat

RM 70,000

506 sqft Jul 2021

RM 138.00 PSF

Low-Cost Flat

RM 90,000

689 sqft Apr 2021

RM 131.00 PSF

Low-Cost Flat

RM 65,000

506 sqft Jan 2021

RM 128.00 PSF

Type	Price	PSF	Area	Date
Low-Cost Flat	RM 70,000	RM 138.00	506 sqft	Dec 2021
Low-Cost Flat	RM 75,000	RM 148.00	506 sqft	Dec 2021
Low-Cost Flat	RM 90,000	RM 178.00	506 sqft	Dec 2021
Low-Cost Flat	RM 65,000	RM 128.00	506 sqft	Dec 2021
Low-Cost Flat	RM 83,000	RM 164.00	506 sqft	Dec 2021
Low-Cost Flat	RM 120,000	RM 237.00	506 sqft	Dec 2021
Low-Cost Flat	RM 130,000	RM 189.00	689 sqft	Dec 2021
Low-Cost Flat	RM 90,000	RM 131.00	689 sqft	Dec 2021
Low-Cost Flat	RM 77,000	RM 152.00	506 sqft	Nov 2021
Low-Cost Flat	RM 78,000	RM 154.00	506 sqft	Nov 2021
Low-Cost Flat	RM 93,000	RM 135.00	689 sqft	Nov 2021
Low-Cost Flat	RM 90,000	RM 131.00	689 sqft	Nov 2021
Low-Cost Flat	RM 93,000	RM 184.00	506 sqft	Oct 2021
Low-Cost Flat	RM 96,000	RM 190.00	506 sqft	Oct 2021
Low-Cost Flat	RM 84,000	RM 166.00	506 sqft	Oct 2021
Low-Cost Flat	RM 83,000	RM 164.00	506 sqft	Oct 2021
Low-Cost Flat	RM 70,000	RM 138.00	506 sqft	Oct 2021
Low-Cost Flat	RM 120,000	RM 174.00	689 sqft	Oct 2021
Low-Cost Flat	RM 78,000	RM 113.00	689 sqft	Oct 2021
Low-Cost Flat	RM 70,000	RM 138.00	506 sqft	Sep 2021
Low-Cost Flat	RM 73,000	RM 144.00	506 sqft	Sep 2021
Low-Cost Flat	RM 90,000	RM 131.00	689 sqft	Sep 2021
Low-Cost Flat	RM 63,000	RM 91.00	689 sqft	Aug 2021
Low-Cost Flat	RM 70,000	RM 138.00	506 sqft	Jul 2021
Low-Cost Flat	RM 90,000	RM 131.00	689 sqft	Apr 2021
Low-Cost Flat	RM 65,000	RM 128.00	506 sqft	Jan 2021