Raffel Tower
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
|
Road
|
Price
|
PSF
|
Size
|
Date
|
Type
|
|---|---|---|---|---|---|
| 2024 | |||||
|
Level 23
|
RM 860,000
|
RM 615
|
1,399 sqft
|
|
Condo |
| 2023 | |||||
|
Level 13
|
RM 1,040,000
|
RM 743
|
1,399 sqft
|
|
Condo |
|
Level 13
|
RM 1,040,000
|
RM 743
|
1,400 sqft
|
|
Condo |
| 2021 | |||||
|
Level 21
|
RM 955,000
|
RM 682
|
1,400 sqft
|
|
Condo |
|
Level 16
|
RM 1,150,000
|
RM 821
|
1,400 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 1,040,000
RM 743 psfMedian transaction price
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
MapsRaffel Tower in Timur Laut, Penang recorded 5 subsale transactions between 2021 and 2026, sized between 1,375 and 1,424 sqft, with a median price of RM 1.04 million and a median price per square foot (PSF) of RM 743.
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 943K to RM 1.14 million, and a typical market range of RM 860K to RM 1.15 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 743, with most transactions between RM 674 and RM 812. The usual range is RM 629.88 to RM 855.88, showing that most units are priced quite close to each other. With an IQR of RM 226.00 and MAD of RM 69, 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.