NOVUS PARK

NOVUS PARK in Barat Daya, Penang recorded 2 subsale transactions between 2021 and 2025, with a median price of RM 850K and a median price per square foot (PSF) of RM 206.

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 850K, with most transactions falling within a stable range of RM 800K to RM 900K, and a typical market range of RM 825K to RM 875K.

Most transactions involved detached, with minimal variety in property types.

Price per square foot shows a median of RM 206, though individual units vary from RM 159 to RM 253 in the core range. The broader market spans RM 182.50 to RM 229.50, indicating diverse property characteristics. The spread of RM 47.00 (IQR) and deviation of RM 47 (MAD) suggest moderate price variations reflecting different property features.

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.