RAFFEL TOWER

RAFFEL TOWER in Timur Laut, Penang recorded 24 Condo/Apartment properties subsale transactions between 2021 and 2025 for condo/apartment properties, with a median price of RM 1.04 million and a median price per square foot (PSF) of RM 796.

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 1.04 million, with most transactions falling within a stable range of RM 696K to RM 1.37 million, and a typical market range of RM 737K to RM 1.33 million.

Within the Condo/Apartment category, condominium/apartment dominated the market, with minimal variety in property types.

The median PSF stands at RM 796, with core pricing between RM 661 and RM 930. Market pricing typically extends from RM 682.50 to RM 908.50, reflecting moderate variation in unit pricing. The spread of RM 226.00 (IQR) and deviation of RM 134 (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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.