RAFFEL TOWER
Residential Market
Median Price
RM 620,000
PSF Trends (2021-2025)
RAFFEL TOWER in Timur Laut, Penang recorded 9 subsale transactions in 2023, with a median price of RM 620K and a median price per square foot (PSF) of RM 961.
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 620K, with most transactions falling within a stable range of RM 425K to RM 886K, and a typical market range of RM 425K to RM 918K.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 961, with core pricing between RM 811 and RM 1,111. Market pricing typically extends from RM 848.00 to RM 1,074.00, reflecting moderate variation in unit pricing. The spread of RM 226.00 (IQR) and deviation of RM 150 (MAD) suggest moderate price variations reflecting different property features.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.
Filter by type, year, price, and size
Transactions
9 properties grouped by size
Road | Price | PSF | Size | Date | Type |
---|
RM 460,000
|
RM 1,050.00
|
438 sqft
|
Oct 2023
|
||
RM 425,000
|
RM 970.00
|
438 sqft
|
Jul 2023
|
RM 600,000
|
RM 969.00
|
619 sqft
|
Aug 2023
|
||
RM 600,000
|
RM 961.00
|
624 sqft
|
Aug 2023
|
||
RM 620,000
|
RM 1,033.00
|
600 sqft
|
Mar 2023
|
RM 1,040,000
|
RM 743.00
|
1,399 sqft
|
Nov 2023
|
||
RM 1,040,000
|
RM 743.00
|
1,400 sqft
|
Nov 2023
|
RM 1,000,000
|
RM 624.00
|
1,604 sqft
|
Nov 2023
|
||
RM 1,150,000
|
RM 717.00
|
1,604 sqft
|
Oct 2023
|