Fettes Park

Fettes Park is a residential neighborhood nestled in Tanjung Tokong. This precinct is situated in between Seri Tanjung Pinang, Pepper Estate and Pearl Hill. Fettes Park was named after the municipal engineer of Georgetown, J.D. Fettes who is the anchor man in the Guillemard Reservoir construction located above Fettes Park. It comprises established and old semi-detached houses and bungalows. Most of the old houses contain 4 bedrooms and 2 bathrooms. Besides the old ones, there is also a new 3-storey semi-detached homes developed by TCE Property. There are 3 types available; Type A has land area of 2,800 sf and built-up size of 3,500 sf, Type B has land area of 2,690 sf and built-up size of 3,380 sf, and Type C has land area of 5,800 sf and built-up size of 4,600 sf. There is also a condominium named Fettes Residences located at the south of Fettes Park. The 35-storey condominium consists of 195 units with built-ups from 2,00 sf and penthouse units from 4,000 sf onwards. Fettes Residences was just completed in June 2011. Fettes Park is conveniently located within mere minutes to the tourism strip of Tanjung Bungah and Batu Ferringhi, and Georgetown town centre. It is approximately 2.9 km to Batu Ferringhi Beach and about 2 km to Gurney Plaza and One-Stop Midlands Park. In terms of accessibility, Jalan Fettes can be accessible via Jalan Mount Erkshine, Jalan Tanjong Tokong and Jalan Seri Tg Pinang. Residents can drive to Georgetown town via Jalan Mount Erkshine and Jalan Tanjung Tokong that connect to Jalan Burmah and Jalan Kelawei respectively.

Property Details

Name: Fettes Park

Address: Jalan Fettes, Tanjung Tokong, Penang

Type: Semi-Detached & Condominium

Tenure: Freehold

Subsale Price

Semi-Detached: From RM1.5 million

Facilities

Children playground

Market Trends

Analysis

Formerly, Fettes Park was a working class neighborhood and the situation has changed since the revamp and modernization of Penang into an island city centre since the last 2 decades. Due to its strategic and close proximity to the beach and city centre, the house prices have shoot up. Since Fettes Park has become a sought-after residential area, most houses' prices have appreciated due to the value of the land as these homes are acquired by the rich and famous to be refurbished and rebuild into their own mansion. Due to this, a very old 1-storey semi-detached has already fetched over RM1.5 million, just because it has a large land area.