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Market Snapshot
ResidentialRM 380,000
RM 372 psfMedian transaction price
Fortune Court, Farlim, 11500 Air Itam, Penang, Malaysia
MapsFortune 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 7 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 348.77 to RM 580.27, reflecting moderate variation in unit pricing. The spread of RM 231.50 (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.