Taman Pelangi

98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia

Property Transactions

13 subsales found

Median
RM230,000
PSF
RM361

Property Type

Price Size
Period
transactions middle 50% (P25–P75)
RM150,000
Level 4
581 sqft RM258 PSF
RM220,000
Level 10
581 sqft RM378 PSF
RM300,000
Level 9
775 sqft RM387 PSF
RM330,000
Level 13
775 sqft RM426 PSF
RM280,000
Level 4
775 sqft RM361 PSF
RM175,000
Level 12
581 sqft RM301 PSF
RM270,000
Level 9
775 sqft RM348 PSF
RM380,000
Level 16
775 sqft RM490 PSF
RM192,000
Level 16
581 sqft RM330 PSF
RM230,000
Level 11
581 sqft RM396 PSF
RM203,000
Level 17
581 sqft RM349 PSF
RM288,000
Level 5
775 sqft RM372 PSF
RM150,000
Level 4
581 sqft RM258 PSF
Legend Recent Highest Price Highest PSF

Selling in Taman Pelangi? Homes here sold for a median of RM230,000.

Free to list, about two minutes, and the buyers reading this page will see it.

List your property free

Posts about Taman Pelangi

What’s happening in Taman Pelangi?

No posts about Taman Pelangi yet. Be the first to share what’s happening here.

Market Snapshot

Residential

RM230,000

RM361 psf

Median transaction price

High

Know your return before you buy

See the gross rental yield for TAMAN PELANGI and compare before you put down a deposit.

Get Plus

RM59 a month, cancel any time

Taman Pelangi
© OpenStreetMap · CARTO

98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia

Maps

Taman Pelangi in Timur Laut, Penang recorded 13 subsale transactions in 2023, with a median price of RM230K and a median price per square foot (PSF) of RM361.

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 RM230K, with most transactions falling within a stable range of RM162K to RM298K, and a typical market range of RM183K to RM277K.

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

The median PSF stands at RM361, with core pricing between RM300 and RM423. Market pricing typically extends from RM335.29 to RM387.29, reflecting moderate variation in unit pricing. The spread of RM52.00 (IQR) and deviation of RM61 (MAD) suggest moderate price variations reflecting different property features.

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.