Taman Pelangi

Perai, Pulau Pinang, Malaysia

Property Transactions

26 subsales found

Median
RM83,000
PSF
RM141
Price Size
Period
transactions middle 50% (P25–P75)
RM70,000
Level 1
506 sqft RM138 PSF
RM75,000
Level 1
506 sqft RM148 PSF
RM90,000
Level 1
506 sqft RM178 PSF
RM65,000
Level 3
506 sqft RM128 PSF
RM83,000
Level 4
506 sqft RM164 PSF
RM120,000
Level 4
506 sqft RM237 PSF
RM130,000
Level 1
689 sqft RM189 PSF
RM90,000
Level 2
689 sqft RM131 PSF
RM77,000
Level 3
506 sqft RM152 PSF
RM78,000
Level 3
506 sqft RM154 PSF
RM93,000
Level 3
689 sqft RM135 PSF
RM90,000
Level 4
689 sqft RM131 PSF
RM93,000
Level 1
506 sqft RM184 PSF
RM96,000
Level 1
506 sqft RM190 PSF
RM84,000
Level 2
506 sqft RM166 PSF
RM83,000
Level 4
506 sqft RM164 PSF
RM70,000
Level 5
506 sqft RM138 PSF
RM120,000
Level 2
689 sqft RM174 PSF
RM78,000
Level 4
689 sqft RM113 PSF
RM70,000
Level 4
506 sqft RM138 PSF
RM73,000
Level 5
506 sqft RM144 PSF
RM90,000
Level 2
689 sqft RM131 PSF
RM63,000
Level 1
689 sqft RM91 PSF
RM70,000
Level 5
506 sqft RM138 PSF
RM90,000
Level 1
689 sqft RM131 PSF
RM65,000
Level 5
506 sqft RM128 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM83,000

RM141 psf

Median transaction price

High

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Taman Pelangi
© OpenStreetMap · CARTO

Taman Pelangi, Perai, Pulau Pinang, Malaysia

Maps

Taman Pelangi in Seberang Perai Tengah, Penang recorded 26 subsale transactions in 2021, with a median price of RM83K and a median price per square foot (PSF) of RM141.

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 RM83K, with most transactions falling within a stable range of RM66K to RM100K, and a typical market range of RM63K to RM104K.

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

Price per square foot shows a median of RM141, though individual units vary from RM112 to RM170 in the core range. The broader market spans RM109.83 to RM172.83, indicating diverse property characteristics. The spread of RM63.00 (IQR) and deviation of RM29 (MAD) suggest moderate price variations reflecting different property features.

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. Moderate transaction volume may require patience when buying or selling.