FORTUNE COURT

3 properties

2022

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Median Price

RM 340,000

PSF: RM 347

Residential Market

Median Price

RM 340,000

IQR: RM 47

MAD: RM 18

RM 347 PSF 3.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 775,000

IQR: RM 215

MAD: RM 113

RM 682 PSF 40.4%

PSF Trends (2021-2025)

PROPERTY TYPES OVERVIEW

Flat

6 properties

Median Price

RM 360,000

+4.2% CAGR

Median PSF

RM 359.50

+2.8% CAGR

Shop/Retail Lot

5 properties

Median Price

RM 800,000

-23.7% CAGR

Median PSF

RM 782.00

-6.1% CAGR

Property Type	Properties	Median Price	Price CAGR	Median PSF	PSF CAGR
Flat	6	RM 360,000 ±23K MAD	+4.23%	RM 359.50 ±15 MAD	+2.80%
Shop/Retail Lot	5	RM 800,000 ±200K MAD	-23.72%	RM 782.00 ±105 MAD	-6.11%

FORTUNE COURT in Timur Laut, Penang recorded 3 subsale transactions in 2022, with a median price of RM 340K and a median price per square foot (PSF) of RM 347.

This area contains both residential and commercial properties. View 6 residential properties or 4 commercial properties separately for more focused analysis.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 340K, with most transactions falling within a stable range of RM 319K to RM 368K, and a typical market range of RM 319K to RM 385K.

Most transactions involved flats, though some variety exists in the market.

For price per square foot, the median is RM 347, with most transactions between RM 320 and RM 374. The usual range is RM 236.13 to RM 457.88, showing that most units are priced quite close to each other. With an IQR of RM 221.75 and MAD of RM 27, 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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.