PRESTIGE III

Area Intelligence
2024
Median Price
RM 230,000
PSF: RM 356

Residential PSF Trends

Median Price

RM 230,000

PSF: RM 356

Commercial PSF Trends

Median Price

RM 1,280,000

RM 1,062 PSF

PRESTIGE III in Barat Daya, Penang recorded 9 subsale transactions in 2024, with a median price of RM 230K and a median price per square foot (PSF) of RM 356.

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 230K, with most transactions falling within a stable range of RM 150K to RM 311K, and a typical market range of RM 150K to RM 360K.

Most transactions involved condominium/apartment, with high diversity across multiple property types.

The median PSF stands at RM 356, with core pricing between RM 302 and RM 410. Market pricing typically extends from RM 312.25 to RM 399.75, reflecting moderate variation in unit pricing. The spread of RM 87.50 (IQR) and deviation of RM 54 (MAD) suggest moderate price variations reflecting different property features.

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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PRESTIGE III, Barat Daya, Penang

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Transactions

9 transactions grouped by size

650 sqft
Condo/Apartment
RM 180,000
Level 2
646 sqft · RM 279 PSF
RM 230,000
Level 2
646 sqft · RM 356 PSF
RM 180,000
Level 5
646 sqft · RM 279 PSF
RM 205,000
Level 1
646 sqft · RM 317 PSF
RM 150,000
Level 4
646 sqft · RM 232 PSF
900 sqft
Condo/Apartment
RM 340,000
Level 5
911 sqft · RM 373 PSF
RM 360,000
Level 4
911 sqft · RM 395 PSF
RM 340,000
Level 5
911 sqft · RM 373 PSF
RM 345,000
Level 5
911 sqft · RM 379 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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