TAMAN PELANGI

TAMAN PELANGI in Timur Laut, Penang recorded 29 subsale transactions between 2021 and 2025, with a median price of RM 220K and a median price per square foot (PSF) of RM 348.

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 220K, with most transactions falling within a stable range of RM 170K to RM 270K, and a typical market range of RM 174K to RM 267K.

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

For price per square foot, the median is RM 348, with most transactions between RM 323 and RM 373. The usual range is RM 322.00 to RM 374.00, showing that most units are priced quite close to each other. With an IQR of RM 52.00 and MAD of RM 25, 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.