NOVUS

Area Intelligence

2022

Median Price

RM 695,000

PSF: RM 602

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Residential PSF Trends

Median Price

RM 695,000

PSF: RM 602

NOVUS in Barat Daya, Penang recorded 7 subsale transactions in 2022, with a median price of RM 695K and a median price per square foot (PSF) of RM 602.

This area consists exclusively of residential properties, with no commercial listings recorded.

Price remained flat, and PSF growth was PSF remained flat. The median price is RM 695K, with most transactions falling within a stable range of RM 675K to RM 724K, and a typical market range of RM 675K to RM 727K.

Most transactions involved condominium/apartment, with minimal variety in property types.

For price per square foot, the median is RM 602, with most transactions between RM 579 and RM 625. The usual range is RM 574.00 to RM 630.00, showing that most units are priced quite close to each other. With an IQR of RM 56.00 and MAD of RM 23, the PSF demonstrates reasonable consistency across the market.

Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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NOVUS, Barat Daya, Penang

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Transactions

7 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

Clear

Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

Clear

RM 740,000

Level 31

1,155 sqft • RM 641.00 PSF

Dec 2022

RM 750,000

Level 36

1,155 sqft • RM 649.00 PSF

Aug 2022

RM 695,000

Level 18

1,155 sqft • RM 602.00 PSF

Jul 2022

RM 680,000

Level 17

1,155 sqft • RM 589.00 PSF

May 2022

RM 675,000

Level 24

1,130 sqft • RM 597.00 PSF

Mar 2022

RM 675,000

Level 23

1,155 sqft • RM 584.00 PSF

Mar 2022

RM 700,000

Level 34

1,155 sqft • RM 606.00 PSF

Mar 2022

Road	Price	Land PSF	Land	Date	Type
Level 31	RM 740,000	RM 641.00	1,155 sqft	Dec 2022	Condo/Apartment
Level 36	RM 750,000	RM 649.00	1,155 sqft	Aug 2022	Condo/Apartment
Level 18	RM 695,000	RM 602.00	1,155 sqft	Jul 2022	Condo/Apartment
Level 17	RM 680,000	RM 589.00	1,155 sqft	May 2022	Condo/Apartment
Level 24	RM 675,000	RM 597.00	1,130 sqft	Mar 2022	Condo/Apartment
Level 23	RM 675,000	RM 584.00	1,155 sqft	Mar 2022	Condo/Apartment
Level 34	RM 700,000	RM 606.00	1,155 sqft	Mar 2022	Condo/Apartment