PRESTIGE III in Barat Daya, Penang recorded 14 subsale transactions in 2021, with a median price of RM 360K and a median price per square foot (PSF) of RM 362.
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 360K, with most transactions falling within a stable range of RM 210K to RM 510K, and a typical market range of RM 202K to RM 518K.
Most transactions involved condominium/apartment, with high diversity across multiple property types.
The median PSF stands at RM 362, with core pricing between RM 311 and RM 414. Market pricing typically extends from RM 318.25 to RM 405.75, 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. Limited transaction history suggests carefully evaluating comparable sales data.
