PRESTIGE III

Area Intelligence
2024
Median Price
RM 440,000
PSF: RM 376

Residential PSF Trends

Median Price

RM 345,000

PSF: RM 373

Commercial PSF Trends

Median Price

RM 1,300,000

RM 1,088 PSF

PRESTIGE III in Barat Daya, Penang recorded 18 subsale transactions in 2024, with a median price of RM 440K and a median price per square foot (PSF) of RM 376.

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 440K, with most transactions falling within a stable range of RM 432K to RM 360K, and a typical market range of RM 340K to RM 360K.

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

For price per square foot, the median is RM 376, with most transactions between RM 367 and RM 385. The usual range is RM 332.25 to RM 419.75, showing that most units are priced quite close to each other. With an IQR of RM 87.50 and MAD of RM 9, 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. Limited transaction history suggests carefully evaluating comparable sales data.

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PRESTIGE III, Barat Daya, Penang

OSM

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Transactions

4 transactions grouped by size

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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