PRESTIGE III

Area Intelligence
2022
Median Price
RM 565,000
PSF: RM 404

Residential PSF Trends

Median Price

RM 535,000

PSF: RM 385

Commercial PSF Trends

Median Price

RM 1,240,000

RM 1,038 PSF

PRESTIGE III in Barat Daya, Penang recorded 12 subsale transactions in 2022, with a median price of RM 565K and a median price per square foot (PSF) of RM 404.

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 565K, with most transactions falling within a stable range of RM 400K to RM 835K, and a typical market range of RM 407K to RM 723K.

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

Price per square foot shows a median of RM 404, though individual units vary from RM 156 to RM 651 in the core range. The broader market spans RM 359.75 to RM 447.25, indicating diverse property characteristics. A wider spread (IQR: RM 87.50) and deviation (MAD: RM 248) 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

12 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 1,280,000
KUALA JALAN BAHRU
1,195 sqft · RM 1,071 PSF
1,400 sqft
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 400,000
LORONG PRESTIGE 5
1,399 sqft · RM 286 PSF
RM 600,000
BALIK PULAU
1,399 sqft · RM 429 PSF
RM 515,000
LORONG PRESTIJ 6
1,399 sqft · RM 368 PSF

No Properties For Sale

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

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