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 6
|
RM 440,000
|
RM 997
|
441 sqft
|
|
Condo |
| 2023 | |||||
|
Level 8
|
RM 460,000
|
RM 1,050
|
438 sqft
|
|
Condo |
|
Level 8
|
RM 425,000
|
RM 970
|
438 sqft
|
|
Condo |
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Market Snapshot
ResidentialRM 440,000
RM 997 psfMedian transaction price
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
MapsRaffel Tower in Timur Laut, Penang recorded 3 subsale transactions between 2021 and 2026, sized between 425 and 474 sqft, 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 426K to RM 454K, and a typical market range of RM 425K to RM 460K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 997, with most transactions between RM 964 and RM 1,030. The usual range is RM 884.01 to RM 1,110.01, showing that most units are priced quite close to each other. With an IQR of RM 226.00 and MAD of RM 33, 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.