RAFFEL TOWER

RAFFEL TOWER in Timur Laut, Penang recorded 8 subsale transactions in 2024, with a median price of RM 1.20 million and a median price per square foot (PSF) of RM 759.

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 1.20 million, with most transactions falling within a stable range of RM 889K to RM 1.50 million, and a typical market range of RM 899K to RM 1.50 million.

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

The median PSF stands at RM 759, with core pricing between RM 635 and RM 883. Market pricing typically extends from RM 646.00 to RM 872.00, reflecting moderate variation in unit pricing. The spread of RM 226.00 (IQR) and deviation of RM 124 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.