PRESTIGE III

Area Intelligence
2023
Median Price
RM 330,000
PSF: RM 362

Residential PSF Trends

Median Price

RM 330,000

PSF: RM 362

Commercial PSF Trends

Median Price

RM 1,280,000

RM 1,062 PSF

PRESTIGE III in Barat Daya, Penang recorded 12 subsale transactions in 2023, with a median price of RM 330K and a median price per square foot (PSF) of RM 362.

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 330K, with most transactions falling within a stable range of RM 243K to RM 370K, and a typical market range of RM 172K to RM 370K.

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

The median PSF stands at RM 362, with core pricing between RM 298 and RM 426. Market pricing typically extends from RM 318.25 to RM 405.75, reflecting moderate variation in unit pricing. The spread of RM 87.50 (IQR) and deviation of RM 64 (MAD) suggest moderate price variations reflecting different property features.

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. Limited transaction history suggests carefully evaluating comparable sales data.

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PRESTIGE III, Barat Daya, Penang

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Transactions

12 transactions grouped by size

650 sqft
Condo/Apartment
RM 160,000
Level 4
646 sqft · RM 248 PSF
RM 210,000
Level G
646 sqft · RM 325 PSF
RM 150,000
Level 4
646 sqft · RM 232 PSF
RM 150,000
Level 1
646 sqft · RM 232 PSF
900 sqft
Condo/Apartment
RM 365,000
Level 5
911 sqft · RM 401 PSF
RM 350,000
Level 4
911 sqft · RM 384 PSF
RM 370,000
Level 3
911 sqft · RM 406 PSF
RM 315,000
Level 4
911 sqft · RM 346 PSF
RM 350,000
Level 3
911 sqft · RM 384 PSF
RM 330,000
Level 4
911 sqft · RM 362 PSF
RM 365,000
Level 4
911 sqft · RM 401 PSF
RM 330,000
Level 3
911 sqft · RM 362 PSF

No Properties For Sale

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

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