Penang
Timur Laut
13
RAFFEL TOWER

RAFFEL TOWER

Area Intelligence

2024

Median Price

RM 440,000

PSF: RM 997

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Residential PSF Trends

Median Price

RM 440,000

PSF: RM 997

RAFFEL TOWER in Timur Laut, Penang recorded 1 subsale transactions in 2024, with a median price of RM 440K and a median price per square foot (PSF) of RM 997.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 997, with most transactions between RM 997 and RM 997. The usual range is RM 884.00 to RM 1,110.00, showing that most units are priced quite close to each other. With an IQR of RM 226.00 and MAD of RM 0, 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

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