Raffel Tower

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

Property Transactions

5 subsales grouped by size

Median
RM1,040,000
PSF
RM743
Price Size
Period
transactions middle 50% (P25–P75)
1,400 sqft
Condo
RM860,000
Level 23
1,399 sqft · RM615 PSF
RM1,040,000
Level 13
1,399 sqft · RM743 PSF
RM1,040,000
Level 13
1,400 sqft · RM743 PSF
RM955,000
Level 21
1,400 sqft · RM682 PSF
RM1,150,000
Level 16
1,400 sqft · RM821 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM1,040,000

RM743 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 5 subsale transactions between 2021 and 2026, sized between 1,375 and 1,424 sqft, with a median price of RM1.04 million and a median price per square foot (PSF) of RM743.

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 RM1.04 million, with most transactions falling within a stable range of RM943K to RM1.14 million, and a typical market range of RM860K to RM1.15 million.

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

For price per square foot, the median is RM743, with most transactions between RM674 and RM812. The usual range is RM629.88 to RM855.88, showing that most units are priced quite close to each other. With an IQR of RM226.00 and MAD of RM69, 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.