PRESTIGE III

PRESTIGE III in Barat Daya, Penang recorded 22 subsale transactions in 2022, with a median price of RM 488K and a median price per square foot (PSF) of RM 371.

This area contains both residential and commercial properties. View 71 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 488K, with most transactions falling within a stable range of RM 225K to RM 750K, and a typical market range of RM 348K to RM 627K.

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

Price per square foot shows a median of RM 371, though individual units vary from RM 171 to RM 570 in the core range. The broader market spans RM 328.25 to RM 412.75, indicating diverse property characteristics. A wider spread (IQR: RM 84.50) and deviation (MAD: RM 200) 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. Moderate transaction volume may require patience when buying or selling.