NOVUS

Area Intelligence

2023

Median Price

RM 697,500

PSF: RM 626

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Residential PSF Trends

Median Price

RM 697,500

PSF: RM 626

NOVUS in Barat Daya, Penang recorded 16 subsale transactions in 2023, with a median price of RM 698K and a median price per square foot (PSF) of RM 626.

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 698K, with most transactions falling within a stable range of RM 590K to RM 805K, and a typical market range of RM 666K to RM 730K.

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

The median PSF stands at RM 626, with core pricing between RM 556 and RM 695. Market pricing typically extends from RM 597.50 to RM 653.50, reflecting moderate variation in unit pricing. With an IQR of RM 56.00 and MAD of RM 70, 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

OSM

Track location

Transactions

16 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 710,000

Level 19

1,130 sqft • RM 628.00 PSF

Dec 2023

RM 720,000

Level 13

1,155 sqft • RM 623.00 PSF

Oct 2023

RM 678,000

Level 25

1,155 sqft • RM 587.00 PSF

Oct 2023

RM 750,000

Level 28

1,155 sqft • RM 649.00 PSF

Oct 2023

RM 685,000

Level 11

1,130 sqft • RM 606.00 PSF

Sep 2023

RM 685,000

Level 10

1,155 sqft • RM 593.00 PSF

Sep 2023

RM 705,000

Level 13

1,155 sqft • RM 610.00 PSF

Aug 2023

RM 970,000

Level 11

1,155 sqft • RM 840.00 PSF

Jul 2023

RM 770,000

Level 33

1,155 sqft • RM 667.00 PSF

Jul 2023

RM 745,000

Level 35

1,155 sqft • RM 645.00 PSF

Jun 2023

RM 690,000

Level 15

1,155 sqft • RM 597.00 PSF

Apr 2023

RM 600,000

Level 12

764 sqft • RM 785.00 PSF

Mar 2023

RM 600,000

Level 12

862 sqft • RM 696.00 PSF

Mar 2023

RM 499,000

Level 32

764 sqft • RM 653.00 PSF

Feb 2023

RM 499,000

Level 32

862 sqft • RM 579.00 PSF

Feb 2023

RM 720,000

Level 26

1,155 sqft • RM 623.00 PSF

Feb 2023

Road	Price	Land PSF	Land	Date	Type
Level 19	RM 710,000	RM 628.00	1,130 sqft	Dec 2023	Condo/Apartment
Level 13	RM 720,000	RM 623.00	1,155 sqft	Oct 2023	Condo/Apartment
Level 25	RM 678,000	RM 587.00	1,155 sqft	Oct 2023	Condo/Apartment
Level 28	RM 750,000	RM 649.00	1,155 sqft	Oct 2023	Condo/Apartment
Level 11	RM 685,000	RM 606.00	1,130 sqft	Sep 2023	Condo/Apartment
Level 10	RM 685,000	RM 593.00	1,155 sqft	Sep 2023	Condo/Apartment
Level 13	RM 705,000	RM 610.00	1,155 sqft	Aug 2023	Condo/Apartment
Level 11	RM 970,000	RM 840.00	1,155 sqft	Jul 2023	Condo/Apartment
Level 33	RM 770,000	RM 667.00	1,155 sqft	Jul 2023	Condo/Apartment
Level 35	RM 745,000	RM 645.00	1,155 sqft	Jun 2023	Condo/Apartment
Level 15	RM 690,000	RM 597.00	1,155 sqft	Apr 2023	Condo/Apartment
Level 12	RM 600,000	RM 785.00	764 sqft	Mar 2023	Condo/Apartment
Level 12	RM 600,000	RM 696.00	862 sqft	Mar 2023	Condo/Apartment
Level 32	RM 499,000	RM 653.00	764 sqft	Feb 2023	Condo/Apartment
Level 32	RM 499,000	RM 579.00	862 sqft	Feb 2023	Condo/Apartment
Level 26	RM 720,000	RM 623.00	1,155 sqft	Feb 2023	Condo/Apartment