Area Intelligence

RAFFEL TOWER

9 properties
2023
Favorite WhatsApp
Median Price
RM 620,000
PSF: RM 961

Residential Market

Median Price

RM 620,000

IQR: RM 226
MAD: RM 119
RM 961 PSF 0.3%

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.

Area Location

Loading map...

RAFFEL TOWER, Timur Laut, Penang

OSM

Filter by type, year, price, and size

1 filter active
Clear All Filters

Transactions

9 properties grouped by size

450 sqft
2 units Condo/Apartment
RM 460,000
438 sqft · RM 1,050.00 PSF
Oct 2023
RM 425,000
438 sqft · RM 970.00 PSF
Jul 2023
600 sqft
3 units Condo/Apartment
RM 600,000
619 sqft · RM 969.00 PSF
Aug 2023
RM 600,000
624 sqft · RM 961.00 PSF
Aug 2023
RM 620,000
600 sqft · RM 1,033.00 PSF
Mar 2023
1,400 sqft
2 units Condo/Apartment
RM 1,040,000
1,399 sqft · RM 743.00 PSF
Nov 2023
RM 1,040,000
1,400 sqft · RM 743.00 PSF
Nov 2023
1,600 sqft
2 units Condo/Apartment
RM 1,000,000
1,604 sqft · RM 624.00 PSF
Nov 2023
RM 1,150,000
1,604 sqft · RM 717.00 PSF
Oct 2023