Novus
Gerbang Bukit Kecil 2, 11900 Bayan Lepas, Pulau Pinang, Malaysia
Gerbang Bukit Kecil 2, 11900 Bayan Lepas, Pulau Pinang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 15
|
RM650,000
|
RM563
|
1,155 sqft
|
|
|
|
Level 27
|
RM722,000
|
RM625
|
1,155 sqft
|
|
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Novus
PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
ResidentialRM650,000
RM580 psfMedian transaction price
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Gerbang Bukit Kecil 2, 11900 Bayan Lepas, Pulau Pinang, Malaysia
MapsNovus 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.