Timur Laut, Penang · Freehold · 24 transactions
Median Price
RM1.04M
RM600K – RM1.20M
Median PSF
RM821
RM743 – RM969
Transactions
24
2021-10 to 2024-10
Size Range
438 – 1604
sq.ft (built-up)
Data-driven insights for RAFFEL TOWER
Earliest PSF (2021)
RM821
Current PSF (2024)
RM770
Capital Gain
-6.3%
Total Return (est.)
1.9% p.a.
| Capital appreciation (3 years) | -6.3% |
| Annualised capital return | -2.1% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 1.9% p.a. |
| vs Fixed Deposit (3.5% p.a. x 3yr) | -4.8% |
*Based on earliest recorded transaction (2021). Actual launch price may differ. Rental yield estimated from Penang district averages.
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 450 sqft | 3 | RM440K | RM997 |
| 600 sqft | 5 | RM600K | RM961 |
| 1,400 sqft | 5 | RM1.04M | RM743 |
| 1,600 sqft | 11 | RM1.20M | RM748 |
PSF Trend: Stable
PSF moved from RM821 (2021) to RM770 (2024)
Liquidity: Moderate
24 transactions over 3 years (~8/year)
79% above Timur Laut average
This project: RM821 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 1.9% p.a. (below FD)
Capital loss (-2.1% p.a.) + rental yield (~4% p.a.)
RAFFEL TOWER delivers a modest estimated total return of 1.9% p.a. — comprising -2.1% capital depreciation and ~4% rental yield over 3 years. This underperforms fixed deposits (3.5% p.a.), suggesting limited investment appeal at current prices. PSF trades at a significant 79% premium over the Timur Laut average — upside may be limited unless the area appreciates. Best suited for long-term holders.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Oct 2024 | Condominium/Apartment | Freehold | 1,604 | RM748 | RM1.20M |
| Jun 2024 | Condominium/Apartment | Freehold | 1,604 | RM745 | RM1.20M |
| Jun 2024 | Condominium/Apartment | Freehold | 1,604 | RM937 | RM1.50M |
| Apr 2024 | Condominium/Apartment | Freehold | 1,604 | RM642 | RM1.03M |
| Apr 2024 | Condominium/Apartment | Freehold | 1,604 | RM770 | RM1.24M |
19 more transactions hidden
Complete NAPIC transaction data with trend analysis — RM69.90 per report
Investment ROI
Capital gain + rental yield since launch
Market verdict
Trend, liquidity, and area comparison
Unit mix breakdown
Price & PSF by unit size
All transactions
Full table of 24 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
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