PRESTIGE III in Barat Daya, Penang recorded 22 subsale transactions in 2022, with a median price of RM 488K and a median price per square foot (PSF) of RM 371.
This area contains both residential and commercial properties. View 73 residential properties or 9 commercial properties separately for more focused analysis.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 488K, with most transactions falling within a stable range of RM 338K to RM 638K, and a typical market range of RM 329K to RM 646K.
Most transactions involved condominium/apartment, with high diversity across multiple property types.
The median PSF stands at RM 371, with core pricing between RM 319 and RM 422. Market pricing typically extends from RM 326.75 to RM 414.25, reflecting moderate variation in unit pricing. With an IQR of RM 87.50 and MAD of RM 52, 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. Moderate transaction volume may require patience when buying or selling.
