PRESTIGE III

PRESTIGE III in Barat Daya, Penang recorded 14 subsale transactions in 2021, with a median price of RM 360K and a median price per square foot (PSF) of RM 362.

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 360K, with most transactions falling within a stable range of RM 180K to RM 667K, and a typical market range of RM 221K to RM 499K.

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

Price per square foot shows a median of RM 362, though individual units vary from RM 131 to RM 593 in the core range. The broader market spans RM 319.75 to RM 404.25, indicating diverse property characteristics. A wider spread (IQR: RM 84.50) and deviation (MAD: RM 231) 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. Limited transaction history suggests carefully evaluating comparable sales data.