Selling in Taman Sinar Pelangi (Lavender Park)? Homes here sold for a median of RM294,500.
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Taman Sinar Pelangi (Lavender Park)
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 Jelutong
Market Snapshot
ResidentialRM294,500
RM425 psfMedian transaction price
Lorong Penawar 2, Taman Ara, 11600 Jelutong, Pulau Pinang, Malaysia
MapsTaman Sinar Pelangi (Lavender Park) in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM295K and a median price per square foot (PSF) of RM425.
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 RM295K, with most transactions falling within a stable range of RM279K to RM310K, and a typical market range of RM279K to RM310K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM425, with most transactions between RM405 and RM446. The usual range is RM374.91 to RM475.91, showing that most units are priced quite close to each other. With an IQR of RM101.00 and MAD of RM20, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.