Taman Pelangi
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 6
|
RM250,000
|
RM430
|
581 sqft
|
|
|
|
Level 14
|
RM195,000
|
RM335
|
581 sqft
|
|
|
|
Level 17
|
RM190,000
|
RM327
|
581 sqft
|
|
|
Level 3
|
RM300,000
|
RM387
|
775 sqft
|
|
|
|
Level 10
|
RM300,000
|
RM387
|
775 sqft
|
|
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Taman Pelangi
PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
ResidentialRM250,000
RM387 psfMedian transaction price
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98, Lorong Penawar 1, Taman Jelutong Jaya, 11600 George Town, Pulau Pinang, Malaysia
MapsTaman Pelangi in Timur Laut, Penang recorded 5 subsale transactions between 2021 and 2026, with a median price of RM250K and a median price per square foot (PSF) of RM387.
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 RM250K, with most transactions falling within a stable range of RM202K to RM298K, and a typical market range of RM203K to RM297K.
Most transactions involved flats, with minimal variety in property types.
For price per square foot, the median is RM387, with most transactions between RM349 and RM425. The usual range is RM361.10 to RM413.10, showing that most units are priced quite close to each other. With an IQR of RM52.00 and MAD of RM38, 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.