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 15
|
RM 1,200,000
|
RM 748
|
1,604 sqft
|
|
Condo |
|
Level 15
|
RM 1,195,000
|
RM 745
|
1,604 sqft
|
|
Condo |
|
Level 17
|
RM 1,503,000
|
RM 937
|
1,604 sqft
|
|
Condo |
|
Level 12
|
RM 1,030,000
|
RM 642
|
1,604 sqft
|
|
Condo |
|
Level 27
|
RM 1,235,000
|
RM 770
|
1,604 sqft
|
|
Condo |
|
Level 15
|
RM 1,350,000
|
RM 842
|
1,604 sqft
|
|
Condo |
| 2023 | |||||
|
Level 7
|
RM 1,000,000
|
RM 624
|
1,604 sqft
|
|
Condo |
|
Level 23
|
RM 1,150,000
|
RM 717
|
1,604 sqft
|
|
Condo |
| 2022 | |||||
|
Level 19
|
RM 1,583,000
|
RM 987
|
1,604 sqft
|
|
Condo |
|
Level 25
|
RM 1,150,000
|
RM 719
|
1,600 sqft
|
|
Condo |
|
Level 7
|
RM 1,230,000
|
RM 769
|
1,600 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 1,200,000
RM 748 psfMedian transaction price
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
MapsRaffel Tower in Timur Laut, Penang recorded 11 subsale transactions between 2021 and 2026, sized between 1,575 and 1,624 sqft, with a median price of RM 1.20 million and a median price per square foot (PSF) of RM 748.
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 1.20 million, with most transactions falling within a stable range of RM 1.03 million to RM 1.37 million, and a typical market range of RM 1.00 million to RM 1.50 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 748, with core pricing between RM 642 and RM 855. Market pricing typically extends from RM 635.21 to RM 861.21, reflecting moderate variation in unit pricing. With an IQR of RM 226.00 and MAD of RM 106, 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.