NOVUS

Area Intelligence
2021
Median Price
RM 650,000
PSF: RM 580

Residential PSF Trends

Median Price

RM 650,000

PSF: RM 580

NOVUS in Barat Daya, Penang recorded 3 subsale transactions in 2021, with a median price of RM 650K and a median price per square foot (PSF) of RM 580.

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 580, with most transactions between RM 580 and RM 580. The usual range is RM 552.00 to RM 608.00, 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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Transactions

3 transactions grouped by size

850 sqft
Condo/Apartment
RM 500,000
Level 13
862 sqft · RM 580 PSF
1,150 sqft
Condo/Apartment
RM 650,000
Level 15
1,155 sqft · RM 563 PSF
RM 722,000
Level 27
1,155 sqft · RM 625 PSF

No Properties For Sale

There are currently no properties listed for sale in this area.

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