Novus

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

Property Transactions

3 subsales grouped by size

Median
RM650,000
PSF
RM580
Price Size
Period
transactions middle 50% (P25–P75)
850 sqft
Condo
RM500,000
Level 13
862 sqft · RM580 PSF
1,150 sqft
Condo
RM650,000
Level 15
1,155 sqft · RM563 PSF
RM722,000
Level 27
1,155 sqft · RM625 PSF
Legend Recent Highest Price Highest PSF

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Market Snapshot

Residential

RM650,000

RM580 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 3 subsale transactions in 2021, with a median price of RM650K and a median price per square foot (PSF) of RM580.

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 RM650K, with most transactions falling within a stable range of RM558K to RM722K, and a typical market range of RM618K to RM682K.

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

For price per square foot, the median is RM580, with most transactions between RM554 and RM606. The usual range is RM551.92 to RM607.92, showing that most units are priced quite close to each other. With an IQR of RM56.00 and MAD of RM26, 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.