Taman Pelangi
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
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Selling in Taman Pelangi? Homes here sold for a median of RM222,500.
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Taman Pelangi
PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
ResidentialRM222,500
RM349 psfMedian transaction price
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98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
MapsTaman Pelangi in Timur Laut, Penang recorded 0 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 RM323 and RM374. The usual range is RM322.50 to RM374.50, 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. Limited transaction history suggests carefully evaluating comparable sales data.