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
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 6
|
RM250,000
|
RM430
|
581 sqft
|
|
Flat |
|
Level 14
|
RM195,000
|
RM335
|
581 sqft
|
|
Flat |
|
Level 17
|
RM190,000
|
RM327
|
581 sqft
|
|
Flat |
|
Level 6
|
RM195,000
|
RM335
|
581 sqft
|
|
Flat |
|
Level 9
|
RM200,000
|
RM344
|
581 sqft
|
|
Flat |
|
Level 14
|
RM201,000
|
RM346
|
581 sqft
|
|
Flat |
Selling in Taman Pelangi? Homes here sold for a median of RM197,500.
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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
ResidentialRM197,500
RM340 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 20 subsale transactions between 2021 and 2026, sized between 575 and 624 sqft, with a median price of RM198K and a median price per square foot (PSF) of RM340.
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 RM198K, with most transactions falling within a stable range of RM173K to RM222K, and a typical market range of RM150K to RM245K.
Most transactions involved flats, with minimal variety in property types.
The median PSF stands at RM340, with core pricing between RM298 and RM382. Market pricing typically extends from RM313.78 to RM365.78, reflecting moderate variation in unit pricing. With an IQR of RM52.00 and MAD of RM42, 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. Moderate transaction volume may require patience when buying or selling.