Taman Pelangi

98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia

Property Transactions

34 subsales grouped by size

Median
RM222,500
PSF
RM349
Period
transactions middle 50% (P25–P75)
RM250,000
Level 6
581 sqft · RM430 PSF
RM190,000
Level 17
581 sqft · RM327 PSF
RM195,000
Level 14
581 sqft · RM335 PSF
RM201,000
Level 14
581 sqft · RM346 PSF
RM200,000
Level 9
581 sqft · RM344 PSF
RM195,000
Level 6
581 sqft · RM335 PSF
+14 more
800 sqft
Flat
RM300,000
Level 3
775 sqft · RM387 PSF
RM300,000
Level 10
775 sqft · RM387 PSF
RM270,000
Level 5
775 sqft · RM348 PSF
RM350,000
Level 3
775 sqft · RM452 PSF
RM290,000
Level 14
775 sqft · RM374 PSF
RM300,000
Level 9
775 sqft · RM387 PSF
+8 more
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM222,500

RM349 psf

Median transaction price

High

Does TAMAN PELANGI rent out well?

Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.

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Taman Pelangi
© OpenStreetMap · CARTO

98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia

Maps

Taman Pelangi in Timur Laut, Penang recorded 34 subsale transactions between 2021 and 2026, with a median price of RM223K and a median price per square foot (PSF) of RM349.

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 RM223K, with most transactions falling within a stable range of RM175K to RM270K, and a typical market range of RM175K to RM270K.

Most transactions involved flats, with minimal variety in property types.

For price per square foot, the median is RM349, with most transactions between RM324 and RM375. The usual range is RM323.25 to RM375.25, showing that most units are priced quite close to each other. With an IQR of RM52.00 and MAD of RM26, the PSF demonstrates reasonable consistency across the market.

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.