PRESTIGE III

PRESTIGE III in Barat Daya, Penang recorded 24 subsale transactions in 2023, with a median price of RM 430K and a median price per square foot (PSF) of RM 364.

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.

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

For price per square foot, the median is RM 364, with most transactions between RM 360 and RM 369. The usual range is RM 320.25 to RM 407.75, showing that most units are priced quite close to each other. With an IQR of RM 87.50 and MAD of RM 5, 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. Some price volatility exists, making thorough market research essential before transacting. Moderate transaction volume may require patience when buying or selling.