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 499K to RM 549K, and a typical market range of RM 499K to RM 532K.

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

The median PSF stands at RM 653, with core pricing between RM 576 and RM 730. Market pricing typically extends from RM 625.00 to RM 681.00, reflecting moderate variation in unit pricing. With an IQR of RM 56.00 and MAD of RM 77, 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.