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Raffel Tower, also known as Raffles Tower is a new luxury development in Bukit Gambier, Penang, with only five units per floor and an exclusive vibe to future residents. It is masterfully designed to be artistically and aesthetically pleasing, with modern facilities and stunning views of the sea and hills to residents on the higher floors. Raffles Tower is destined to be a success due to its prime location along a main road and being so close to the city.
However, with such a location, future residents may have to contend with traffic congestion during peak hours and holiday seasons. Another minus point of this property is that only units from the 16th floor and above will have two parking lots; any unit from the 15th floor and below will have only one parking lot.
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
---|---|---|---|---|---|
Raffel Tower | Dec 2015 |
RM899,000
-
RM1,600,000
RM 561 psf - RM 1,000 psf |
RM1,500 - RM1,500 | NIL | 2.64 % |
Raffel Residence 199 | 2015 |
RM1,790,000
-
RM1,950,000
RM 450 psf - RM 541 psf |
RM2,500 - RM2,500 | NIL | 2.09 % |
Centrio Avenue | 2013 |
RM298,000
-
RM360,000
RM 427 psf - RM 529 psf |
RM700 - RM700 | NIL | 3.65 % |
Pulse | Aug 2012 |
RM350,000
-
RM430,000
RM 396 psf - RM 537 psf |
RM900 - RM900 | NIL | 3.77 % |
The Oasis | 2012 |
RM480,000
-
RM730,000
RM 444 psf - RM 657 psf |
RM1,300 - RM1,300 | NIL | 3.37 % |
Vista Gambier | 2009 |
RM598,000
-
RM750,000
RM 445 psf - RM 558 psf |
RM1,500 - RM1,500 | NIL | 2.82 % |
Mutiara Place | 2003 |
RM520,000
-
RM650,000
RM 472 psf - RM 541 psf |
RM1,500 - RM1,500 | NIL | 2.74 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
Non-Landed | Landed | Commercial | |
---|---|---|---|
0 - 500 SQ. FT | - | - | - |
500 - 1,000 SQ. FT | - | - | - |
1,000 - 1,500 SQ. FT | RM 489 psf | - | - |
1,500 - 2,500 SQ. FT | RM 451 psf | - | - |
2,500 - 4,000 SQ. FT | - | RM 1,525,000 psf | - |
4,000 SQ. FT and above | - | RM 2,646,667 psf | - |
Note:
Down Payment (10%) | RM 106,300 |
Loan Amount ( 90 %) | RM 956,700 |
Tenure Years | 35 Years |
Interest Rate | 4.85% |
Others (Estimation) | RM 10,000 |
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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