Novus

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

Property Transactions

4 subsales grouped by size

Median
RM741,500
PSF
RM656
Price Size
Period
transactions middle 50% (P25–P75)
1,150 sqft
Condo
RM738,000
Level 26
1,130 sqft · RM653 PSF
RM710,000
Level 36
1,130 sqft · RM628 PSF
RM772,000
Level 9
1,130 sqft · RM683 PSF
RM745,000
Level 25
1,130 sqft · RM659 PSF
Legend Recent Highest Price Highest PSF

Selling in Novus? Homes here sold for a median of RM741,500.

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Market Snapshot

Residential

RM741,500

RM656 psf

Median transaction price

Low

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Gross yield, median rent and sale psf — worked out from transacted prices and asking rents.

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

Maps

Novus in Barat Daya, Penang recorded 4 subsale transactions in 2024, with a median price of RM742K and a median price per square foot (PSF) of RM656.

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 RM742K, with most transactions falling within a stable range of RM719K to RM764K, and a typical market range of RM710K to RM772K.

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

For price per square foot, the median is RM656, with most transactions between RM637 and RM676. The usual range is RM628.07 to RM684.07, showing that most units are priced quite close to each other. With an IQR of RM56.00 and MAD of RM20, 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.