PRESTIGE III

Area Intelligence
2021
Median Price
RM 567,500
PSF: RM 406

Residential PSF Trends

Median Price

RM 495,000

PSF: RM 354

Commercial PSF Trends

Median Price

RM 1,200,000

RM 1,004 PSF

PRESTIGE III in Barat Daya, Penang recorded 6 subsale transactions in 2021, with a median price of RM 568K and a median price per square foot (PSF) of RM 406.

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 568K, with most transactions falling within a stable range of RM 408K to RM 900K, and a typical market range of RM 409K to RM 726K.

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

Price per square foot shows a median of RM 406, though individual units vary from RM 100 to RM 711 in the core range. The broader market spans RM 361.75 to RM 449.25, indicating diverse property characteristics. A wider spread (IQR: RM 87.50) and deviation (MAD: RM 306) 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. Limited transaction history suggests carefully evaluating comparable sales data.

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PRESTIGE III, Barat Daya, Penang

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Transactions

6 transactions grouped by size

1,200 sqft
Double Storey Shop
RM 1,200,000
KUALA JALAN BAHRU
1,195 sqft · RM 1,004 PSF
RM 1,200,000
KUALA JALAN BAHRU
1,195 sqft · RM 1,004 PSF
1,400 sqft
RM 490,000
SOLOK PRESTIJ 2
1,399 sqft · RM 350 PSF
RM 408,000
LORONG PRESTIJ 6
1,399 sqft · RM 292 PSF
RM 500,000
LORONG PRSTIJ 4
1,399 sqft · RM 357 PSF
RM 635,000
LORONG PRESTIJ 3
1,399 sqft · RM 454 PSF

No Properties For Sale

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

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