Prestige 3, Balik Pulau

Prestige 3 (also known as Prestige III) is a freehold landed housing estate (with some low-cost flats) that is located in Balik Pulau, Penang Island. It consists of P3 Residence and Pangsapuri Idaman Prestij.

The built-up available in this housing estate is 960 sf to 2,200 sf for houses and 650 sf to 911 sf for flats. It was developed by PLB Land Sdn Bhd.

PLB Land Sdn Bhd is a privately held mid-sized real estate organization, and it has undertaken around 12 real estate projects in Malaysia. Other similar projects by the same developer are 98 Nibong Residence, Avalon Place, Greenwish Garden, Majestic Heights 2, P3 Residence, Pangsapuri Sri Saujana, Prestige V, Taman Gelugor Indah, The Skyline and The Stone.

The only amenities nearby this landed housing estate (with some low-cost flats) are some schools. Some of the schools here are Madrasah Al Hidayah Al Adiniyah SRA Islam, SJK C Yeok Hua, SK Sungai Korok and SRJK (C) Yeok Hua.

The current rental yield of Prestige 3 is 4.0% for flats. The highest rental yield ever recorded was 4.53% in Q1 2024 (flat); while the lowest one was 3.64% in Q4 2023 (flat). Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Prestige 3 for houses is 4-bedroom / 1,840 sf with a median price of RM370 psf. For price wise, the most expensive one is 3-bedroom / 1,000 sf with a median price of RM710 psf; while the cheapest one is 4-bedroom / 2,200 sf with a median price of RM350 psf.

Lastly, the most popular layout and size (built-up) combination at prestige 3 for flats is 3-bedroom / 911 sf with a median price of rm360 psf. For price wise, the most expensive one is 3-bedroom / 911 sf with a median price of RM360 psf; while the cheapest one is 3-bedroom / 650 sf with a median price of RM240 psf.