Novus

Gerbang Bukit Kecil 2, 11900 Bayan Lepas, Pulau Pinang, Malaysia

Property Transactions

7 subsales found

Median
RM695,000
PSF
RM602
Price Size
Period
transactions middle 50% (P25–P75)
RM740,000
Level 31
1,155 sqft RM641 PSF
RM750,000
Level 36
1,155 sqft RM649 PSF
RM695,000
Level 18
1,155 sqft RM602 PSF
RM680,000
Level 17
1,155 sqft RM589 PSF
RM675,000
Level 24
1,130 sqft RM597 PSF
RM675,000
Level 23
1,155 sqft RM584 PSF
RM700,000
Level 34
1,155 sqft RM606 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM695,000

RM602 psf

Median transaction price

Low

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Gerbang Bukit Kecil 2, 11900 Bayan Lepas, Pulau Pinang, Malaysia

Maps

Novus in Barat Daya, Penang recorded 7 subsale transactions in 2022, with a median price of RM695K and a median price per square foot (PSF) of RM602.

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 RM695K, with most transactions falling within a stable range of RM675K to RM724K, and a typical market range of RM675K to RM727K.

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

For price per square foot, the median is RM602, with most transactions between RM578 and RM625. The usual range is RM573.75 to RM629.75, showing that most units are priced quite close to each other. With an IQR of RM56.00 and MAD of RM23, 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.