Novus

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

Property Transactions

16 subsales found

Median
RM697,500
PSF
RM626
Price Size
Period
transactions middle 50% (P25–P75)
RM710,000
Level 19
1,130 sqft RM628 PSF
RM720,000
Level 13
1,155 sqft RM623 PSF
RM678,000
Level 25
1,155 sqft RM587 PSF
RM750,000
Level 28
1,155 sqft RM649 PSF
RM685,000
Level 11
1,130 sqft RM606 PSF
RM685,000
Level 10
1,155 sqft RM593 PSF
RM705,000
Level 13
1,155 sqft RM610 PSF
RM970,000
Level 11
1,155 sqft RM840 PSF
RM770,000
Level 33
1,155 sqft RM667 PSF
RM745,000
Level 35
1,155 sqft RM645 PSF
RM690,000
Level 15
1,155 sqft RM597 PSF
RM600,000
Level 12
764 sqft RM785 PSF
RM600,000
Level 12
862 sqft RM696 PSF
RM499,000
Level 32
764 sqft RM653 PSF
RM499,000
Level 32
862 sqft RM579 PSF
RM720,000
Level 26
1,155 sqft RM623 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM697,500

RM626 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 16 subsale transactions in 2023, with a median price of RM698K and a median price per square foot (PSF) of RM626.

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 RM698K, with most transactions falling within a stable range of RM590K to RM805K, and a typical market range of RM666K to RM730K.

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

The median PSF stands at RM626, with core pricing between RM556 and RM695. Market pricing typically extends from RM597.80 to RM653.80, reflecting moderate variation in unit pricing. With an IQR of RM56.00 and MAD of RM69, 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.