FETTES PARK

Area Intelligence

2023

Median Price

RM 660,000

PSF: RM 558

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Residential PSF Trends

Median Price

RM 660,000

PSF: RM 558

FETTES PARK in Timur Laut, Penang recorded 1 subsale transactions in 2023, priced between RM 500K and RM 750K, with a median price of RM 660K and a median price per square foot (PSF) of RM 558.

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

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 558, with most transactions between RM 558 and RM 558. The usual range is RM 498.39 to RM 618.39, showing that most units are priced quite close to each other. With an IQR of RM 120.00 and MAD of RM 0, 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.

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FETTES PARK, Timur Laut, Penang

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