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
| LIST.MY · Taman Pelangi | |||||
|---|---|---|---|---|---|
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
| 2021 | |||||
|
Level 4
|
RM200,000
|
RM344
|
581 sqft
|
|
Flat |
|
Level 11
|
RM188,000
|
RM323
|
581 sqft
|
|
Flat |
|
Level 3
|
RM160,000
|
RM275
|
581 sqft
|
|
Flat |
Selling in Taman Pelangi? Homes here sold for a median of RM188,000.
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Taman Pelangi
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in Georgetown
Market Snapshot
ResidentialRM188,000
RM323 psfMedian transaction price
Does TAMAN PELANGI rent out well?
Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.
See the yield with PlusRM59 a month, cancel any time
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
MapsTaman Pelangi in Timur Laut, Penang recorded 3 subsale transactions in 2021, with a median price of RM188K and a median price per square foot (PSF) of RM323.
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 RM188K, with most transactions falling within a stable range of RM171K to RM200K, and a typical market range of RM160K to RM200K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM323, with most transactions between RM295 and RM352. The usual range is RM297.44 to RM349.44, showing that most units are priced quite close to each other. With an IQR of RM52.00 and MAD of RM29, 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.