TAMAN SINAR PELANGI (LAVENDER PARK)

TAMAN SINAR PELANGI (LAVENDER PARK) in Timur Laut, Penang recorded 8 subsale transactions in 2022, with a median price of RM 298K and a median price per square foot (PSF) of RM 435.

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 RM 298K, with most transactions falling within a stable range of RM 261K to RM 334K, and a typical market range of RM 256K to RM 339K.

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

The median PSF stands at RM 435, with core pricing between RM 382 and RM 488. Market pricing typically extends from RM 384.50 to RM 485.50, reflecting moderate variation in unit pricing. With an IQR of RM 101.00 and MAD of RM 53, 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.