TAMAN PELANGI
Residential Market
Median Price
RM 220,000
PSF Trends (2021-2025)
PROPERTY TYPES OVERVIEW
Low-Cost Flat
113 properties
Median Price
RM 95,000
+4.8% CAGR
Median PSF
RM 150.00
+1.2% CAGR
Flat
28 properties
Median Price
RM 233,750
+12.8% CAGR
Median PSF
RM 357.25
+2.5% CAGR
Double Storey Terraced
17 properties
Median Price
RM 402,500
+45.8% CAGR
Median PSF
RM 276.50
+23.8% CAGR
Single Storey Terraced
14 properties
Median Price
RM 323,750
+2.9% CAGR
Median PSF
RM 224.00
+11.1% CAGR
Low-Cost House
11 properties
Median Price
RM 176,500
+7.1% CAGR
Median PSF
RM 210.50
+7.1% CAGR
| Property Type | Properties | Median Price | Price CAGR | Median PSF | PSF CAGR | |
|---|---|---|---|---|---|---|
| Low-Cost Flat | 113 |
RM 95,000
±11K MAD
|
+4.77% |
RM 150.00
±8 MAD
|
+1.24% | |
| Flat | 28 |
RM 233,750
±26K MAD
|
+12.82% |
RM 357.25
±13 MAD
|
+2.52% | |
| Double Storey Terraced | 17 |
RM 402,500
±43K MAD
|
+45.81% |
RM 276.50
±30 MAD
|
+23.79% | |
| Single Storey Terraced | 14 |
RM 323,750
±27K MAD
|
+2.87% |
RM 224.00
±40 MAD
|
+11.07% | |
| Low-Cost House | 11 |
RM 176,500
±50K MAD
|
+7.06% |
RM 210.50
±47 MAD
|
+7.11% |
TAMAN PELANGI in Timur Laut, Penang recorded 0 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. Limited transaction history suggests carefully evaluating comparable sales data.