PRESTIGE III

Area Intelligence
2022
Median Price
RM 487,500
PSF: RM 371

Residential PSF Trends

Median Price

RM 435,000

PSF: RM 365

Commercial PSF Trends

Median Price

RM 1,240,000

RM 1,038 PSF

PRESTIGE III in Barat Daya, Penang recorded 22 subsale transactions in 2022, with a median price of RM 488K and a median price per square foot (PSF) of RM 371.

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 488K, with most transactions falling within a stable range of RM 505K to RM 540K, and a typical market range of RM 505K to RM 646K.

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

The median PSF stands at RM 371, with core pricing between RM 321 and RM 420. Market pricing typically extends from RM 326.75 to RM 414.25, reflecting moderate variation in unit pricing. With an IQR of RM 87.50 and MAD of RM 49, 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.

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PRESTIGE III, Barat Daya, Penang

OSM

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Transactions

9 transactions grouped by size

1,400 sqft
Double Storey Terraced
RM 600,000
LORONG PRESTIJ 3
1,399 sqft · RM 429 PSF
RM 505,000
SOLOK PRESTIJ 3
1,399 sqft · RM 361 PSF
RM 520,000
SOLOK PRESTIJ 5
1,378 sqft · RM 377 PSF
RM 600,000
BALIK PULAU
1,399 sqft · RM 429 PSF
RM 515,000
LORONG PRESTIJ 6
1,399 sqft · RM 368 PSF
RM 550,000
SOLOK PRESTIJ 5
1,399 sqft · RM 393 PSF
RM 600,000
LORONG PRESTIJ 3
1,399 sqft · RM 429 PSF
RM 580,000
LORONG PRESTIJ 4
1,399 sqft · RM 414 PSF
2,550 sqft
Double Storey Semi-D
RM 680,000
LORONG PRESTIJ 8
2,562 sqft · RM 265 PSF

No Properties For Sale

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

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