PRESTIGE III

PRESTIGE III in Barat Daya, Penang recorded 24 subsale transactions in 2023, with a median price of RM 430K and a median price per square foot (PSF) of RM 364.

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 430K, with most transactions falling within a stable range of RM 150K to RM 725K, and a typical market range of RM 291K to RM 569K.

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

Price per square foot shows a median of RM 364, though individual units vary from RM 150 to RM 578 in the core range. The broader market spans RM 321.75 to RM 406.25, indicating diverse property characteristics. A wider spread (IQR: RM 84.50) and deviation (MAD: RM 214) 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.