Penang
Timur Laut
13
RAFFEL TOWER

RAFFEL TOWER

Area Intelligence

Median Price

RM 550,000

PSF: RM 970

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Residential PSF Trends

Median Price

RM 550,000

PSF: RM 970

RAFFEL TOWER in Timur Laut, Penang recorded 8 subsale transactions between 2021 and 2025, with a median price of RM 550K and a median price per square foot (PSF) of RM 970.

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 550K, with most transactions falling within a stable range of RM 477K to RM 620K, and a typical market range of RM 425K to RM 620K.

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

For price per square foot, the median is RM 970, with most transactions between RM 923 and RM 1,016. The usual range is RM 856.50 to RM 1,082.50, showing that most units are priced quite close to each other. With an IQR of RM 226.00 and MAD of RM 46, 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.

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RAFFEL TOWER, Timur Laut, Penang

OSM

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Transactions

8 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 440,000

Level 6

441 sqft • RM 997.00 PSF

Jan 2024

RM 460,000

Level 8

438 sqft • RM 1,050.00 PSF

Oct 2023

RM 600,000

Level 11

619 sqft • RM 969.00 PSF

Aug 2023

RM 600,000

Level 11

624 sqft • RM 961.00 PSF

Aug 2023

RM 425,000

Level 8

438 sqft • RM 970.00 PSF

Jul 2023

RM 620,000

Level 11

600 sqft • RM 1,033.00 PSF

Mar 2023

RM 550,000

Level 10

600 sqft • RM 917.00 PSF

Dec 2022

RM 550,000

Level 10

603 sqft • RM 912.00 PSF

Dec 2022

Road	Price	Land PSF	Land	Date	Type
Level 6	RM 440,000	RM 997.00	441 sqft	Jan 2024	Condo/Apartment
Level 8	RM 460,000	RM 1,050.00	438 sqft	Oct 2023	Condo/Apartment
Level 11	RM 600,000	RM 969.00	619 sqft	Aug 2023	Condo/Apartment
Level 11	RM 600,000	RM 961.00	624 sqft	Aug 2023	Condo/Apartment
Level 8	RM 425,000	RM 970.00	438 sqft	Jul 2023	Condo/Apartment
Level 11	RM 620,000	RM 1,033.00	600 sqft	Mar 2023	Condo/Apartment
Level 10	RM 550,000	RM 917.00	600 sqft	Dec 2022	Condo/Apartment
Level 10	RM 550,000	RM 912.00	603 sqft	Dec 2022	Condo/Apartment