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Fortune Park
Off Lebuhraya Tun Dr. Lim Chong Eu, 11600 Jelutong, Penang
Shop
Office
Factory
Details:
Developer
IJM Land Berhad
View developer's profile
Property Details
From RM1,900,000
From RM4,200
Built Up
From 1,400 SQ. FT
Land Title
Commercial
Tenure
Leasehold
Total Blocks
NIL
Total Storeys
2
Total Units
NIL
Description
Fortune Park is a commercial development located in Jelutong, Penang. The several rows of double-storey commercial blocks house shop lots, offices as well as factory units for light industrial use.
The leasehold units at Fortune Park begin at built-up sizes of about 1,400 sf. Subsale prices are considerably high, at beginning prices of at least RM1,900,000 while rental is a monthly RM4,200.
Most of the units at Fortune Park are occupied with a variety of businesses like printing shops and service centres among others. There are also numerous commercial hubs nearby, even the Maritime Automall, where eateries, restaurants, hawker centres, cafes, banks, and more can be found.
Situated just off the Tun Dr. Lim Chong Eu Expressway, Fortune Park enjoys easy access to parts of the city, island and the mainland. Heading up north along the expressway links to Pengkalan Weld and the inner city of Georgetown, while southwards will lead to the first Penang bridge about 5 minutes’ drive away. The Bayan Lepas Free Trade Zone and the second Penang bridge on the other hand, are approximately 20 minutes away.
Given the development’s location within the city, Fortune Park can enjoy the convenience of being close to other business hubs and industrial zones within Georgetown, Bayan Lepas, as well as mainland Penang.
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Nearby Amenities:
-
Nearby Properties
Nothing found within 1km
-
Public Transportation
Nothing found within 10km
-
Schools & Universities
Nothing found within 10km
-
Hospitals & Clinics
Nothing found within 10km
-
Shops / Malls
Nothing found within 10km
-
Places of Worship
Nothing found within 10km
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Did you know?
Check out the value of surrounding recently completed properties to make the best buying decision.
| Property Name | Year of Completion | Ad Selling Price | Ad Rental Price | Avg Transacted Price | Avg Rental Yield (%) |
|---|---|---|---|---|---|
| Fortune Park | 0 |
RM350,000
-
RM399,500
RM 271 psf - RM 318 psf |
From RM4,200 | NIL | NIL |
| Grace Residence | 2019 |
RM600,000
-
RM1,450,000
RM 504 psf - RM 878 psf |
RM1,800 - RM1,800 | NIL | 2.51 % |
| The H2O | 2016 |
RM735,000
-
RM880,000
RM 443 psf - RM 550 psf |
RM1,800 - RM1,800 | NIL | 2.67 % |
| The Maritime | Feb 2014 |
RM560,000
-
RM1,100,000
RM 666 psf - RM 1,157 psf |
RM1,800 - RM1,800 | NIL | 4.55 % |
| 86 Avenue Residences | 2014 |
RM810,000
-
RM810,000
RM 600 psf - RM 611 psf |
RM1,350 - RM1,350 | NIL | 2.7 % |
| Lavender Park | Jan 2011 |
RM280,000
-
RM380,000
RM 400 psf - RM 503 psf |
RM700 - RM700 | NIL | 3.18 % |
| Summer Place | 2011 |
RM615,000
-
RM1,150,000
RM 607 psf - RM 838 psf |
RM650 - RM650 | NIL | 2.48 % |
Did you know?
Check out the past transacted prices of this neighbourhood to make the best buying decision.
| Non-Landed | Landed | Commercial | |
|---|---|---|---|
| 0 - 500 SQ. FT | - | - | RM 494 psf |
| 500 - 1,000 SQ. FT | RM 537 psf | - | - |
| 1,000 - 1,500 SQ. FT | RM 618 psf | - | - |
| 1,500 - 2,500 SQ. FT | - | - | - |
| 2,500 - 4,000 SQ. FT | - | - | - |
| 4,000 SQ. FT and above | - | - | - |
Avg Recent Transactions
Last 100 Recent Transactions Recorded
RM 427 psf
Non Landed Properties
RM 680 psf
Landed Properties
RM 484 psf
Commercial Properties
Note:
- This price analysis is to be used only as a reference. The accuracy of its data will improve over time as more data is collected.
- 'Nearby distance' is based on 1 kilometre
- Average Rental Yield takes into account an estimated amount of maintenance fees
My Affordability:
| Down Payment (10%) | RM 190,000 |
| Loan Amount ( 90 %) | RM 1,710,000 |
| Tenure Years | 35 Years |
| Interest Rate | 4.85% |
| Others (Estimation) | RM 10,000 |
Monthly Installment
RM 3,000 ±
Maintenance Fee
N / A
RM
N / A
psf
(1,400 SQ. FT)
Total Monthly Expenses
RM 3,000 ±
Disclaimer
The information shown is indicative and for illustration only. It does not guarantee the accuracy of the calculation and accepts no liability for any inaccuracies or omissions. The above does not constitute an offer of credit nor does it guarantee that the credit facility applied for will be approved. All applications for financing are subject to credit evaluation and approval and it reserves the right to approve or reject such applications without assigning any reason therefore.
All interest rates shown are indicative according to criteria provided by financial service providers and this is an estimated figure only do not constitute a guaranteed figure. Please consult your respective financial provider for the exact interest rate.
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