NOVUS

Area Intelligence

2025

Median Price

RM 753,000

PSF: RM 666

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Residential PSF Trends

Median Price

RM 753,000

PSF: RM 666

NOVUS in Barat Daya, Penang recorded 2 subsale transactions in 2025, with a median price of RM 753K and a median price per square foot (PSF) of RM 666.

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 753K, with most transactions falling within a stable range of RM 728K to RM 778K, and a typical market range of RM 728K to RM 778K.

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

For price per square foot, the median is RM 666, with most transactions between RM 644 and RM 688. The usual range is RM 638.00 to RM 694.00, showing that most units are priced quite close to each other. With an IQR of RM 56.00 and MAD of RM 22, 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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