Penang
Timur Laut
13
RAFFEL TOWER

RAFFEL TOWER

Area Intelligence

2023

Median Price

RM 620,000

PSF: RM 961

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Residential PSF Trends

Median Price

RM 620,000

PSF: RM 961

RAFFEL TOWER in Timur Laut, Penang recorded 9 subsale transactions in 2023, with a median price of RM 620K and a median price per square foot (PSF) of RM 961.

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 620K, with most transactions falling within a stable range of RM 425K to RM 886K, and a typical market range of RM 425K to RM 918K.

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

The median PSF stands at RM 961, with core pricing between RM 811 and RM 1,111. Market pricing typically extends from RM 848.00 to RM 1,074.00, reflecting moderate variation in unit pricing. The spread of RM 226.00 (IQR) and deviation of RM 150 (MAD) suggest moderate price variations reflecting different property features.

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

Track location

Transactions

9 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 1,040,000

Level 13

1,399 sqft • RM 743.00 PSF

Nov 2023

RM 1,040,000

Level 13

1,400 sqft • RM 743.00 PSF

Nov 2023

RM 1,000,000

Level 7

1,604 sqft • RM 624.00 PSF

Nov 2023

RM 460,000

Level 8

438 sqft • RM 1,050.00 PSF

Oct 2023

RM 1,150,000

Level 23

1,604 sqft • RM 717.00 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

Road	Price	Land PSF	Land	Date	Type
Level 13	RM 1,040,000	RM 743.00	1,399 sqft	Nov 2023	Condo/Apartment
Level 13	RM 1,040,000	RM 743.00	1,400 sqft	Nov 2023	Condo/Apartment
Level 7	RM 1,000,000	RM 624.00	1,604 sqft	Nov 2023	Condo/Apartment
Level 8	RM 460,000	RM 1,050.00	438 sqft	Oct 2023	Condo/Apartment
Level 23	RM 1,150,000	RM 717.00	1,604 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