TAMAN PELANGI

TAMAN PELANGI in Timur Laut, Penang recorded 12 subsale transactions between 2021 and 2025, with a median price of RM 295K and a median price per square foot (PSF) of RM 381.

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 295K, with most transactions falling within a stable range of RM 270K to RM 330K, and a typical market range of RM 270K to RM 342K.

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

The median PSF stands at RM 381, with core pricing between RM 336 and RM 425. Market pricing typically extends from RM 354.50 to RM 406.50, reflecting moderate variation in unit pricing. With an IQR of RM 52.00 and MAD of RM 45, the PSF demonstrates reasonable consistency across the market.

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. Limited transaction history suggests carefully evaluating comparable sales data.