TAMAN SINAR PELANGI (LAVENDER PARK)

TAMAN SINAR PELANGI (LAVENDER PARK) in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 325K and a median price per square foot (PSF) of RM 452.

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 325K, with most transactions falling within a stable range of RM 270K to RM 380K, and a typical market range of RM 284K to RM 366K.

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

The median PSF stands at RM 452, with core pricing between RM 392 and RM 512. Market pricing typically extends from RM 401.50 to RM 502.50, reflecting moderate variation in unit pricing. With an IQR of RM 101.00 and MAD of RM 60, 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.