PRESTIGE III

Area Intelligence
2023
Median Price
RM 430,000
PSF: RM 364

Residential PSF Trends

Median Price

RM 367,500

PSF: RM 363

Commercial PSF Trends

Median Price

RM 1,280,000

RM 1,067 PSF

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 510K to RM 508K, and a typical market range of RM 510K to RM 588K.

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

Price per square foot shows a median of RM 364, though individual units vary from RM 267 to RM 461 in the core range. The broader market spans RM 320.25 to RM 407.75, indicating diverse property characteristics. A wider spread (IQR: RM 87.50) and deviation (MAD: RM 97) indicate significant PSF variations, likely due to diverse property types or conditions.

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.

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PRESTIGE III, Barat Daya, Penang

OSM

Track location

Transactions

8 transactions grouped by size

1,400 sqft
Double Storey Terraced
RM 510,000
SOLOK PRESTIJ 1
1,399 sqft · RM 364 PSF
RM 600,000
SOLOK PRESTIJ 2
1,399 sqft · RM 429 PSF
RM 720,000
LORONG PRESTIJ 2
1,399 sqft · RM 515 PSF
RM 510,000
SOLOK PRESTIJ 9
1,399 sqft · RM 364 PSF
RM 600,000
SOLOK PRESTIJ 2
1,399 sqft · RM 429 PSF
RM 700,000
LOTONG PRESTIJ 3
1,399 sqft · RM 500 PSF
2,550 sqft
Double Storey Semi-D
RM 600,000
LORONG PRESTIJ 8
2,562 sqft · RM 234 PSF
2,800 sqft
Double Storey Terraced
RM 700,000
LORONG PRESTIGE 4
2,799 sqft · RM 250 PSF

No Properties For Sale

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

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