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.

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 602 and RM 602. 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 0, 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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