NOVUS

Area Intelligence

2023

Median Price

RM 697,500

PSF: RM 626

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Residential PSF Trends

Median Price

RM 697,500

PSF: RM 626

NOVUS in Barat Daya, Penang recorded 16 subsale transactions in 2023, with a median price of RM 698K and a median price per square foot (PSF) of RM 626.

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 698K, with most transactions falling within a stable range of RM 618K to RM 750K, and a typical market range of RM 666K to RM 730K.

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

For price per square foot, the median is RM 626, with most transactions between RM 574 and RM 677. The usual range is RM 597.50 to RM 653.50, showing that most units are priced quite close to each other. With an IQR of RM 56.00 and MAD of RM 52, 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

12 transactions grouped by size

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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Road	Price	Land PSF	Land	Date	Type

750 sqft

Condo/Apartment

750 sqft

Condo/Apartment

RM 600,000

Level 12

764 sqft · RM 785 PSF

Mar 2023

Level 12

RM 600,000

RM 785

764 sqft

Mar 2023

850 sqft

Condo/Apartment

850 sqft

Condo/Apartment

RM 600,000

Level 12

862 sqft · RM 696 PSF

Mar 2023

Level 12

RM 600,000

RM 696

862 sqft

Mar 2023

1,150 sqft

Condo/Apartment

1,150 sqft

Condo/Apartment

RM 710,000

Level 19

1,130 sqft · RM 628 PSF

Dec 2023

RM 720,000

Level 13

1,155 sqft · RM 623 PSF

Oct 2023

RM 678,000

Level 25

1,155 sqft · RM 587 PSF

Oct 2023

RM 750,000

Level 28

1,155 sqft · RM 649 PSF

Oct 2023

RM 685,000

Level 11

1,130 sqft · RM 606 PSF

Sep 2023

RM 685,000

Level 10

1,155 sqft · RM 593 PSF

Sep 2023

Level 19	RM 710,000	RM 628	1,130 sqft	Dec 2023
Level 13	RM 720,000	RM 623	1,155 sqft	Oct 2023
Level 25	RM 678,000	RM 587	1,155 sqft	Oct 2023
Level 28	RM 750,000	RM 649	1,155 sqft	Oct 2023
Level 11	RM 685,000	RM 606	1,130 sqft	Sep 2023
Level 10	RM 685,000	RM 593	1,155 sqft	Sep 2023