NOVUS

NOVUS in Barat Daya, Penang recorded 5 subsale transactions between 2021 and 2025, with a median price of RM 500K and a median price per square foot (PSF) of RM 653.

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 500K, with most transactions falling within a stable range of RM 468K to RM 533K, and a typical market range of RM 468K to RM 532K.

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

For price per square foot, the median is RM 653, with most transactions between RM 625 and RM 681. The usual range is RM 625.00 to RM 681.00, showing that most units are priced quite close to each other. With an IQR of RM 56.00 and MAD of RM 28, 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.