Taman Pelangi

Perai, Pulau Pinang, Malaysia

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Market Snapshot

Residential

RM90,000

RM164 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 0 subsale transactions in 2026, with a median price of RM90K and a median price per square foot (PSF) of RM164.

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 RM90K, with most transactions falling within a stable range of RM75K to RM105K, and a typical market range of RM69K to RM111K.

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

The median PSF stands at RM164, with core pricing between RM138 and RM190. Market pricing typically extends from RM132.50 to RM195.50, reflecting moderate variation in unit pricing. The spread of RM63.00 (IQR) and deviation of RM26 (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. Limited transaction history suggests carefully evaluating comparable sales data.