Area Intelligence

TAMAN PELANGI INDAH

25 properties
Flat
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Median Price
RM 355,000
PSF: RM 515

Residential Market

Median Price

RM 355,000

IQR: RM 73
MAD: RM 37
RM 515 PSF 3.1%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 788,000

IQR: RM 164
MAD: RM 84
RM 469 PSF 44.8%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

TAMAN PELANGI INDAH in Timur Laut, Penang recorded 25 Flat properties subsale transactions between 2021 and 2025 for flat properties, with a median price of RM 355K and a median price per square foot (PSF) of RM 515.

This area contains both residential and commercial properties. View 25 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 355K, with most transactions falling within a stable range of RM 322K to RM 388K, and a typical market range of RM 320K to RM 390K.

Within the Flat category, flats dominated the market, though some variety exists in the market.

For price per square foot, the median is RM 515, with most transactions between RM 468 and RM 563. The usual range is RM 475.00 to RM 555.00, showing that most units are priced quite close to each other. With an IQR of RM 80.00 and MAD of RM 48, 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. Moderate transaction volume may require patience when buying or selling.

Area Location

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TAMAN PELANGI INDAH, Timur Laut, Penang

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Transactions

25 properties grouped by size

700 sqft
25 units (showing 6) Flat
RM 330,000
689 sqft · RM 479.00 PSF
Oct 2024
RM 355,000
689 sqft · RM 515.00 PSF
Sep 2024
RM 370,000
689 sqft · RM 537.00 PSF
Aug 2024
RM 330,000
689 sqft · RM 479.00 PSF
Jul 2024
RM 385,000
689 sqft · RM 559.00 PSF
Jul 2024
RM 322,000
689 sqft · RM 467.00 PSF
Jun 2024