Platinium III
Barat Daya, Penang · High-rise (condo, apartment, flat) · Freehold
Homes in Platinium III have sold for a median of
RM500,000
RM389 psf on the recorded floor area
Half of the 22 recorded sales fell between RM485,000 and RM533,750. One in ten went under RM455,500, one in ten over RM568,892. Sales run from 9 December 2021 to 3 November 2025.
Down 3% from a RM500,000 median in 2022 to RM485,000 in 2023.
These are transacted prices from the land-office record, not asking prices from ads. An ad’s number is a wish; this is the record. What high-rise (condo, apartment, flat) sell for across Penang, beside what ads ask.
How to read this page
The median is the middle sale when every recorded sale here is lined up cheapest to dearest — half sold for less, half for more. The band (p25–p75) is the middle half of those sales. Neither figure is an asking price from an ad, and neither is a valuation of a specific unit. Asking vs transacted.
What kind of home, and what title
The land office groups these sales as high-rise (condo, apartment, flat) under a Freehold title. High-rise parcels are usually strata: you own the parcel plus a share of the common parts, and price per square foot is how buyers compare units of different sizes. Monthly charges and the sinking fund sit on top of the purchase price — see maintenance fee and sinking fund.
Year by year
| Year | Median sold | Per sq ft | Sales |
|---|---|---|---|
| 2021 | RM546,440 | RM406 psf | 2 |
| 2022 | RM500,000 | RM379 psf | 7 |
| 2023 | RM485,000 | RM388 psf | 5 |
| 2024 | RM532,500 | RM411 psf | 4 |
| 2025 | RM480,000 | RM357 psf | 4 |
A year with only a handful of sales is a handful of sales, not a trend — the movement above is drawn only between years with five or more.
Nearby, and where this one sits
Other high-rise (condo, apartment, flat) schemes in Barat Daya with enough recorded sales, cheapest first. By median sold price, Platinium III sits 40 of 64 in that set.
33 cheaper schemes above
18 dearer schemes below
Against Penang
Across Penang, the median recorded sale for high-rise (condo, apartment, flat) is RM300,000 (RM391 psf), from 5,184 sales. Platinium III’s own median is RM500,000 — higher than that state median. Full Penang table.
Cash and monthly on the RM500,000 median
Same worksheet as /cost/, using this scheme’s recorded median, 90% LTV, and the illustrative rate. Not a bank quote.
Cash at offer
- Down payment (10%): RM50,000
- Transfer duty (MOT): RM9,000
- Loan duty (0.5%): RM2,250
- Total cash: RM61,250
- Qualifying first home: RM50,000 (duties exempt)
Monthly carry
- Instalment (35y @ 4.00%): RM1,992
- Total monthly: RM1,992
4.00% p.a. illustrative (rough SBR + bank margin); not a bank quote
Questions this record answers
- What have homes in Platinium III sold for?
- A median of RM500,000 (RM389 psf), from 22 land-office transactions between 9 December 2021 and 3 November 2025.
- What is a typical band here?
- Half of recorded sales fell between RM485,000 and RM533,750. One in ten went under RM455,500; one in ten over RM568,892.
- Has the median moved?
- From RM500,000 in 2022 to RM485,000 in 2023 (-3%), using only years with five or more sales.
Read next
From NAPIC’s open transaction data (Jabatan Penilaian dan Perkhidmatan Harta), extract published 19 May 2026. A scheme appears only with at least 20recorded sales. Scheme names are the land office’s own. How we work this out.