Raffel Tower

62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia

Property Transactions

11 subsales found

Median
RM1,200,000
PSF
RM748
Price Size
Period
transactions middle 50% (P25–P75)
RM1,200,000
Level 15
1,604 sqft RM748 PSF
RM1,195,000
Level 15
1,604 sqft RM745 PSF
RM1,503,000
Level 17
1,604 sqft RM937 PSF
RM1,030,000
Level 12
1,604 sqft RM642 PSF
RM1,235,000
Level 27
1,604 sqft RM770 PSF
RM1,350,000
Level 15
1,604 sqft RM842 PSF
RM1,000,000
Level 7
1,604 sqft RM624 PSF
RM1,150,000
Level 23
1,604 sqft RM717 PSF
RM1,583,000
Level 19
1,604 sqft RM987 PSF
RM1,150,000
Level 25
1,600 sqft RM719 PSF
RM1,230,000
Level 7
1,600 sqft RM769 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM1,200,000

RM748 psf

Median transaction price

Low

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Raffel Tower
© OpenStreetMap · CARTO

62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia

Maps

Raffel Tower in Timur Laut, Penang recorded 11 subsale transactions between 2021 and 2026, sized between 1,575 and 1,624 sqft, with a median price of RM1.20 million and a median price per square foot (PSF) of RM748.

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 RM1.20 million, with most transactions falling within a stable range of RM1.03 million to RM1.37 million, and a typical market range of RM1.00 million to RM1.50 million.

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

The median PSF stands at RM748, with core pricing between RM642 and RM855. Market pricing typically extends from RM635.21 to RM861.21, reflecting moderate variation in unit pricing. With an IQR of RM226.00 and MAD of RM106, 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. Limited transaction history suggests carefully evaluating comparable sales data.