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. The median price is RM 440K, with most transactions falling within a stable range of RM 243K to RM 638K, and a typical market range of RM 142K to RM 738K.

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

The median PSF stands at RM 997, with core pricing between RM 878 and RM 1,116. Market pricing typically extends from RM 884.00 to RM 1,110.00, reflecting moderate variation in unit pricing. With an IQR of RM 226.00 and MAD of RM 119, 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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