Raffel Tower in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 425 and 474 sqft, with a median price of RM440K and a median price per square foot (PSF) of RM997.

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 RM440K, with most transactions falling within a stable range of RM426K to RM454K, and a typical market range of RM425K to RM460K.

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

For price per square foot, the median is RM997, with most transactions between RM964 and RM1,030. The usual range is RM884.01 to RM1,110.01, showing that most units are priced quite close to each other. With an IQR of RM226.00 and MAD of RM33, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.