FORTUNE COURT

2 properties

2023

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Median Price

RM 490,000

PSF: RM 465

Residential Market

Median Price

RM 380,000

IQR: RM 47

MAD: RM 18

RM 372 PSF 3.5%

PSF Trends (2021-2025)

Commercial Market

Median Price

RM 600,000

IQR: RM 215

MAD: RM 113

RM 557 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 2 subsale transactions in 2023, with a median price of RM 490K and a median price per square foot (PSF) of RM 465.

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 490K, with most transactions falling within a stable range of RM 380K to RM 600K, and a typical market range of RM 380K to RM 600K.

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

The median PSF stands at RM 465, with core pricing between RM 372 and RM 557. Market pricing typically extends from RM 353.63 to RM 575.38, reflecting moderate variation in unit pricing. The spread of RM 221.75 (IQR) and deviation of RM 93 (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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.