Taman Pelangi

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

Property Transactions

9 subsales grouped by size

Median
RM270,000
PSF
RM348

Property Type

Price Size
Period
transactions middle 50% (P25–P75)
600 sqft
Flat
RM195,000
Level 6
581 sqft · RM335 PSF
RM200,000
Level 9
581 sqft · RM344 PSF
RM201,000
Level 14
581 sqft · RM346 PSF
RM200,000
Level 6
581 sqft · RM344 PSF
800 sqft
Flat
RM350,000
Level 3
775 sqft · RM452 PSF
RM270,000
Level 5
775 sqft · RM348 PSF
RM290,000
Level 14
775 sqft · RM374 PSF
RM300,000
Level 9
775 sqft · RM387 PSF
RM270,000
Level 17
775 sqft · RM348 PSF
Legend Recent Highest Price Highest PSF

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

RM270,000

RM348 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 9 subsale transactions in 2024, with a median price of RM270K and a median price per square foot (PSF) of RM348.

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 RM270K, with most transactions falling within a stable range of RM217K to RM323K, and a typical market range of RM223K to RM317K.

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

For price per square foot, the median is RM348, with most transactions between RM314 and RM383. The usual range is RM322.39 to RM374.39, showing that most units are priced quite close to each other. With an IQR of RM52.00 and MAD of RM35, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.