PRESTIGE III

Area Intelligence
2023
Median Price
RM 600,000
PSF: RM 429

Residential PSF Trends

Median Price

RM 600,000

PSF: RM 364

Commercial PSF Trends

Median Price

RM 1,280,000

RM 1,067 PSF

PRESTIGE III in Barat Daya, Penang recorded 11 subsale transactions in 2023, with a median price of RM 600K and a median price per square foot (PSF) of RM 429.

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 600K, with most transactions falling within a stable range of RM 490K to RM 872K, and a typical market range of RM 490K to RM 758K.

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

Price per square foot shows a median of RM 429, though individual units vary from RM 152 to RM 706 in the core range. The broader market spans RM 385.25 to RM 472.75, indicating diverse property characteristics. A wider spread (IQR: RM 87.50) and deviation (MAD: RM 277) 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

11 transactions grouped by size

1,200 sqft
Double Storey Shop
RM 1,280,000
KUALA JALAN BAHRU
1,206 sqft · RM 1,062 PSF
RM 1,280,000
KUALA JALAN BAHRU
1,195 sqft · RM 1,071 PSF
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 490,000
SOLOK PRESTIJ 6
1,399 sqft · RM 350 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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