Timur Laut, Penang · Freehold · 24 transactions
Estimated Market Value
Units (438–1604 sqft) estimated at RM360K – RM1.32M based on median PSF of RM821/sqft (24 verified transactions)
-6.3%
since 2021
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)
| 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 |
| Mar 2024 | Condominium/Apartment | Freehold | 1,399 | RM615 | RM860K |
| Jan 2024 | Condominium/Apartment | Freehold | 441 | RM997 | RM440K |
| Jan 2024 | Condominium/Apartment | Freehold | 1,604 | RM842 | RM1.35M |
16 more transactions hidden
RAFFEL TOWER · 24 transactions
vs RM200–500 valuer fee
RM69.90
one-time · no subscription
Investment ROI since first transaction
Capital gain 2021–2024 + est. rental yield
Market verdict
Trend direction, liquidity rating, PSF vs Timur Laut average
All 24 transaction records
Complete data, filterable & sortable
3 interactive charts
Scatter plot, price & PSF vs Timur Laut & Penang
Unit mix breakdown
Median price & PSF by size category
Rental yield analysis
Est. monthly rent by furnishing type
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 computed from 0 active rental listings.
Median Rent
RM3,500/mo
Rent Range
RM2900-4100
25th – 75th pct
Rent PSF
RM2.74
Est. Yield
4.0% p.a.
| Furnishing | Est. Rent |
|---|---|
| Bare/Unfurnished | RM3,000/mo |
| Semi Furnished | RM3,500/mo |
| Fully Furnished | RM4,400/mo |
*Estimated rental figures based on Penang district average gross yield (4%). Actual rents may vary.
| 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)
87% above Timur Laut average
This project: RM821 PSF vs Timur Laut median: RM440 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 87% premium over the Timur Laut average — upside may be limited unless the area appreciates. Best suited for long-term holders.
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ROI since first transaction, unit mix breakdown, rental yield, area comparison & market verdict
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