FORTUNE PARK PASA 1 Property Investment Analysis

Georgetown, Timur Laut, Penang

Median Price
RM 1,950,000
CAGR
+18.5%
Median PSF
RM 1,285.50
CAGR
+4.2%
Transactions
4
Period
2022-2024

FORTUNE PARK PASA 1 in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2025, with a median price of RM 1.95 million and a median price per square foot (PSF) of RM 1,286.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 1.95 million, with most transactions falling within a stable range of RM 1.86 million to RM 2.05 million, and a typical market range of RM 1.81 million to RM 2.19 million.

Most transactions involved terraced factory/warehouse, with minimal variety in property types.

For price per square foot, the median is RM 1,286, with most transactions between RM 1,254 and RM 1,317. The usual range is RM 1,258.50 to RM 1,312.50, showing that most units are priced quite close to each other. With an IQR of RM 54.00 and MAD of RM 32, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.

ADVANCED FILTERS

TRANSACTIONS

4 found
Terraced Factory/Warehouse
JLN PERUSAHAAN JELUTONG 3
RM 3,450,000
PSF: RM 1,287.00
Area: 2,680 sqft
Date: Feb 2024
Terraced Factory/Warehouse
JLN PERUSAHAAN JELUTONG 3
RM 1,900,000
PSF: RM 1,347.00
Area: 1,410 sqft
Date: Jan 2024
Terraced Factory/Warehouse
JLN PERUSAHAAN JELUTONG 1
RM 1,810,000
PSF: RM 1,284.00
Area: 1,410 sqft
Date: Dec 2022
Terraced Factory/Warehouse
JLN PERUSAHAAN JELUTONG 1
RM 2,000,000
PSF: RM 1,140.00
Area: 1,755 sqft
Date: Sep 2022