RAFFEL TOWER

RAFFEL TOWER in Timur Laut, Penang recorded 24 subsale transactions between 2021 and 2025, with a median price of RM 1.04 million and a median price per square foot (PSF) of RM 796.

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 1.04 million, with most transactions falling within a stable range of RM 838K to RM 1.23 million, and a typical market range of RM 737K to RM 1.33 million.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 796, with core pricing between RM 677 and RM 915. Market pricing typically extends from RM 682.50 to RM 908.50, reflecting moderate variation in unit pricing. With an IQR of RM 226.00 and MAD of RM 119, the PSF demonstrates reasonable consistency across the market.

While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.