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 |
|---|
|
Level 6
|
RM 440,000
|
RM 997
|
441 sqft
|
|
|
|
Level 8
|
RM 460,000
|
RM 1,050
|
438 sqft
|
|
|
|
Level 8
|
RM 425,000
|
RM 970
|
438 sqft
|
|
|
Level 11
|
RM 600,000
|
RM 961
|
624 sqft
|
|
|
|
Level 11
|
RM 600,000
|
RM 969
|
619 sqft
|
|
|
|
Level 11
|
RM 620,000
|
RM 1,033
|
600 sqft
|
|
|
|
Level 10
|
RM 550,000
|
RM 912
|
603 sqft
|
|
|
|
Level 10
|
RM 550,000
|
RM 917
|
600 sqft
|
|
|
Level 23
|
RM 860,000
|
RM 615
|
1,399 sqft
|
|
|
|
Level 13
|
RM 1,040,000
|
RM 743
|
1,400 sqft
|
|
|
|
Level 13
|
RM 1,040,000
|
RM 743
|
1,399 sqft
|
|
|
|
Level 21
|
RM 955,000
|
RM 682
|
1,400 sqft
|
|
|
|
Level 16
|
RM 1,150,000
|
RM 821
|
1,400 sqft
|
|
|
Level 15
|
RM 1,200,000
|
RM 748
|
1,604 sqft
|
|
|
|
Level 17
|
RM 1,503,000
|
RM 937
|
1,604 sqft
|
|
|
|
Level 15
|
RM 1,195,000
|
RM 745
|
1,604 sqft
|
|
|
|
Level 27
|
RM 1,235,000
|
RM 770
|
1,604 sqft
|
|
|
|
Level 12
|
RM 1,030,000
|
RM 642
|
1,604 sqft
|
|
|
|
Level 15
|
RM 1,350,000
|
RM 842
|
1,604 sqft
|
|
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Market Snapshot
ResidentialRM 1,035,000
RM 796 psfMedian transaction price
62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia
MapsRaffel Tower in Timur Laut, Penang recorded 24 subsale transactions between 2021 and 2026, with a median price of RM 1.04 million and a median price per square foot (PSF) of RM 821.
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 838K to RM 1.23 million, and a typical market range of RM 737K to RM 1.33 million.
Most transactions involved condominium/apartment, with minimal variety in property types.
The median PSF stands at RM 821, with core pricing between RM 702 and RM 940. Market pricing typically extends from RM 708.46 to RM 934.46, 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.