FETTES PARK

FETTES PARK in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 900K and a median price per square foot (PSF) of RM 450.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 900K, with most transactions falling within a stable range of RM 660K to RM 1.14 million, and a typical market range of RM 660K to RM 1.14 million.

Most transactions involved 1 - 1 1/2 storey terraced, with high diversity across multiple property types.

Price per square foot shows a median of RM 450, though individual units vary from RM 342 to RM 558 in the core range. The broader market spans RM 397.50 to RM 502.50, indicating diverse property characteristics. The spread of RM 105.00 (IQR) and deviation of RM 108 (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. Significant price variations suggest comparing multiple properties and timing the market carefully. Limited transaction history suggests carefully evaluating comparable sales data.