Raffel Tower

62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia

Property Transactions

9 subsales grouped by size

Median
RM 620,000
PSF
RM 961
Price Size
450 sqft
Condo
RM 460,000
Level 8
438 sqft · RM 1,050 PSF
RM 425,000
Level 8
438 sqft · RM 970 PSF
600 sqft
Condo
RM 600,000
Level 11
619 sqft · RM 969 PSF
RM 600,000
Level 11
624 sqft · RM 961 PSF
RM 620,000
Level 11
600 sqft · RM 1,033 PSF
1,400 sqft
Condo
RM 1,040,000
Level 13
1,399 sqft · RM 743 PSF
RM 1,040,000
Level 13
1,400 sqft · RM 743 PSF
1,600 sqft
Condo
RM 1,000,000
Level 7
1,604 sqft · RM 624 PSF
RM 1,150,000
Level 23
1,604 sqft · RM 717 PSF
Legend Recent Highest Price Highest PSF
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Market Snapshot

Residential

RM 620,000

RM 961 psf

Median transaction price

Low

Rental Yield Data

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Raffel Tower
© OpenStreetMap · CARTO

62a, Lorong Permai 7, Taman Brown, 11700 Gelugor, Pulau Pinang, Malaysia

Maps

Raffel Tower in Timur Laut, Penang recorded 9 subsale transactions in 2023, with a median price of RM 620K and a median price per square foot (PSF) of RM 961.

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 620K, with most transactions falling within a stable range of RM 425K to RM 886K, and a typical market range of RM 425K to RM 918K.

Most transactions involved condominium/apartment, with minimal variety in property types.

The median PSF stands at RM 961, with core pricing between RM 811 and RM 1,112. Market pricing typically extends from RM 848.06 to RM 1,074.06, reflecting moderate variation in unit pricing. The spread of RM 226.00 (IQR) and deviation of RM 150 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.