Raffel Tower
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 21
|
RM955,000
|
RM682
|
1,400 sqft
|
|
|
|
Level 16
|
RM1,150,000
|
RM821
|
1,400 sqft
|
|
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Raffel Tower
PSF median price per sq ft · 12m its change over the past 12 months
Most-traded areas in this mukim, by number of recorded subsale transactions. See every area in 13
Market Snapshot
ResidentialRM1,052,500
RM752 psfMedian transaction price
Does RAFFEL TOWER rent out well?
Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.
See the yield with PlusRM59 a month, cancel any time
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
MapsRaffel Tower in Timur Laut, Penang recorded 2 subsale transactions in 2021, with a median price of RM1.05 million and a median price per square foot (PSF) of RM752.
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 RM1.05 million, with most transactions falling within a stable range of RM955K to RM1.15 million, and a typical market range of RM955K to RM1.15 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM752, with most transactions between RM682 and RM821. The usual range is RM638.81 to RM864.81, showing that most units are priced quite close to each other. With an IQR of RM226.00 and MAD of RM70, 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.