PRESTIGE III

Area Intelligence
2023
Median Price
RM 700,000
PSF: RM 234

Residential PSF Trends

Median Price

RM 700,000

PSF: RM 234

Commercial PSF Trends

Median Price

RM 1,280,000

RM 1,062 PSF

PRESTIGE III in Barat Daya, Penang recorded 3 subsale transactions in 2023, with a median price of RM 700K and a median price per square foot (PSF) of RM 234.

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 700K, with most transactions falling within a stable range of RM 620K to RM 780K, and a typical market range of RM 600K to RM 795K.

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

The median PSF stands at RM 234, with core pricing between RM 209 and RM 259. Market pricing typically extends from RM 190.25 to RM 277.75, reflecting moderate variation in unit pricing. With an IQR of RM 87.50 and MAD of RM 25, the PSF demonstrates reasonable consistency across the market.

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

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Transactions

3 transactions grouped by size

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
4,150 sqft
Double Storey Semi-D
RM 795,000
LORONG PRESTIJ 8
4,155 sqft · RM 191 PSF

No Properties For Sale

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

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