9 Houses for Sale at Prestige III
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Prestige III is a comprehensive freehold mixed-property development located in the serene and developing area of Balik Pulau, Penang. Developed by the reputable PLB Land Sdn Bhd, this expansive project, also known as Prestige 3, offers a diverse range of residential and commercial properties, catering to various lifestyles and needs. The township is strategically located just minutes from the Balik Pulau town centre, providing residents with access to public amenities like markets and bus terminals. Prestige III is not a single building but a large-scale enclave that was developed in phases. The development includes a wide variety of freehold properties, ensuring a dynamic community. The development features a significant number of landed homes, including 198 units of single-storey terraces and 224 units of double-storey terraces with land sizes of 20' x 70'. It also includes 40 units of double-storey semi-detached houses. Built-up areas for the houses range from 960 sq ft to 2,200 sq ft. The township includes apartment living with projects such as P3 Residence, a condominium completed around 2016 with units from 911 sq ft, and Pangsapuri Idaman Prestij, which features affordable homes around 650 sq ft. To support the community, the development includes 57 units of double-storey shop offices. Designed with community in mind, the Prestige III township features a three-acre park, providing green space for residents. While specific facilities vary between the different property types, the development offers secured living with security services available. The Pangsapuri Idaman Prestij apartment block, for instance, is equipped with 24/7 security, a multi-purpose hall, prayer rooms, and a children's playground. A significant highlight for families is the proximity to premier educational institutions. The renowned Prince of Wales Island International School (POWIIS) is described as being just a stone's throw away. Other local schools nearby include SJK (C) Yeok Hua and SK Sungai Korok. The primary healthcare facility in the area is the government's Hospital Balik Pulau. In a major boost to regional healthcare, a new private facility, the Selgate Specialist Hospital Pulau Pinang, is set to be developed nearby and is targeted for completion by 2028. Prestige III is strategically located for both local and regional travel. It is a short 5-minute drive from Balik Pulau town, providing access to its bus terminal and market. The development is also approximately a 20-minute drive from Penang International Airport and about 40 minutes from the city of Georgetown. Prestige III was developed by PLB Land Sdn Bhd, the property arm of the publicly-listed PLB Engineering Bhd. PLB Land is a mid-sized real estate organization with a portfolio of around 11 to 12 projects in Malaysia, demonstrating their experience in creating comprehensive townships.
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The project retains a presence in recent search activity for the local market, according to PropertyGuru search trends over the past month. This apartment development continues to draw buyer interest in the local market, maintaining its relevance among active seekers looking for residential options.
Pricing by Unit Types:- 3-Bedroom Units:
- Avg Asking Price: RM 173K
- Avg PSF: RM 221 psf
- Available Units: 3
- 4-Bedroom Units:
- Avg Asking Price: RM 598K
- Avg PSF: RM 332 psf
- Available Units: 1
- SJK (C) YEOK HUA (264m, 3-4 mins) — Primary school located just around the corner, making the morning school run incredibly easy for young families.
- SJK (CINA) YEOK HUA (271m, 3-4 mins) — Convenient access to local Chinese primary education within a very short walking distance.
- SK SUNGAI KOROK (928m, 11-12 mins) — Nearby national primary school providing more educational variety for the local community.
- LAKSA & HOKKIEN MEE K JALAN BAHRU (192m, 2-3 mins) — Famous local flavors available just a few steps away for a quick and authentic meal.
- NO.3 MUMMY GRILLED FISH + SEAFOOD (194m, 2-3 mins) — Great spot for fresh seafood dinners without having to drive out of the neighborhood.
- KEDAI KOPI (320m, 3-4 mins) — Traditional coffee shop nearby, perfect for a relaxed breakfast or meeting up with neighbors.
- MASJID JALAN BAHRU (1353m, 16-17 mins) — Local community mosque accessible for residents within the Balik Pulau area.
Prestige III demonstrates a stable market character with consistent capital growth and modest transaction volume.
- PSF Appreciation: RM364.546 psf → RM374.588 psf over recent years (+2.75%) from 2023 - 2025.
- Transactions: 2 sale transactions in the last 12 months, indicating limited sale activity.
- PG Pulse Insight: The project maintains a positive capital trend with a PSF increase of +2.75%, though overall market liquidity remains limited based on recent transaction volume.
Published date: August 3, 2026










