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. The median price is RM 430K, with most transactions falling within a stable range of RM 405K to RM 210K, and a typical market range of RM 272K to RM 210K.
Most transactions involved condominium/apartment, with high diversity across multiple property types.
The median PSF stands at RM 364, with core pricing between RM 325 and RM 403. Market pricing typically extends from RM 320.25 to RM 407.75, reflecting moderate variation in unit pricing. With an IQR of RM 87.50 and MAD of RM 39, 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.
