PRESTIGE III

Area Intelligence
2024
Median Price
RM 745,000
PSF: RM 537

Residential PSF Trends

Median Price

RM 680,000

PSF: RM 486

Commercial PSF Trends

Median Price

RM 1,300,000

RM 1,088 PSF

PRESTIGE III in Barat Daya, Penang recorded 8 subsale transactions in 2024, with a median price of RM 745K and a median price per square foot (PSF) of RM 537.

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 745K, with most transactions falling within a stable range of RM 520K to RM 1.05 million, and a typical market range of RM 587K to RM 903K.

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

Price per square foot shows a median of RM 537, though individual units vary from RM 246 to RM 827 in the core range. The broader market spans RM 492.75 to RM 580.25, indicating diverse property characteristics. A wider spread (IQR: RM 87.50) and deviation (MAD: RM 291) 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. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.

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PRESTIGE III, Barat Daya, Penang

OSM

Track location

Transactions

8 transactions grouped by size

1,200 sqft
Double Storey Shop
RM 1,140,000
KUALA JALAN BAHRU
1,206 sqft · RM 946 PSF
RM 1,300,000
KUALA JALAN BAHRU
1,195 sqft · RM 1,088 PSF
RM 1,350,000
KUALA JALAN BAHRU
1,195 sqft · RM 1,130 PSF
1,400 sqft
Double Storey Terraced
RM 680,000
DLM PEMBINAAN
1,399 sqft · RM 486 PSF
RM 710,000
LORONG PRESTIJ 2
1,399 sqft · RM 507 PSF
RM 600,000
SOLOK PRESTIJ 2
1,399 sqft · RM 429 PSF
RM 780,000
LORONG PRESTIJ 3
1,378 sqft · RM 566 PSF
RM 520,000
DLM PEMBINAAN
1,399 sqft · RM 372 PSF

No Properties For Sale

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

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