NOVUS Transaction Price & PSF
NOVUS Condominium/Apartment Residential Property Market | residential | Data through May 2025
This targeted market snapshot examines residential activity for NOVUS in Barat Daya, Pulau Pinang, focusing on the Condominium/Apartment segment. The goal is to explain how to interpret the transaction benchmark data and to describe what the observed patterns imply, without asserting price directions or investment claims.
Market overview
Activity in the dataset shows a concentration within a single scheme and property type in the Barat Daya district, with NOVUS as the dominant focus of transactions. This pattern indicates buyers and sellers in this sample are engaging primarily in this submarket, while participation in other submarkets remains limited.
Property type benchmarks
The figures below are calculated from transaction records in the PropMedian database. Median PSF is shown only where sufficient parcel area data is available.
Condominium/Apartment
Within residential, this category forms the core of observed activity for NOVUS in Barat Daya. The pattern suggests buyers are engaging predominantly in this subcategory within the NOVUS scheme, and readers should compare this category to other property types when assessing benchmarks.
How to interpret this market
Readers can use transaction benchmarks as a reference frame for evaluating similar properties within the NOVUS scheme and the Condominium/Apartment segment, while acknowledging that individual properties may differ in attributes such as layout, condition, and placement within the project.
Explore the underlying market
View the PropMedian property-data hub for this district to explore available property types and transaction benchmarks.
View Barat Daya property dataFrequently asked questions
What does the NOVUS residential dataset cover?
It covers transactional activity for the Condominium/Apartment segment in Barat Daya, Pulau Pinang.
How should buyers use the transaction benchmark?
Treat the benchmark as a baseline for comparison within the same scheme and property type; it does not guarantee performance for any individual property.
Which submarket dominates the observed activity?
The observed activity centers on the Condominium/Apartment submarket within NOVUS in Barat Daya.
Summary
In summary, readers are encouraged to compare across property types separately and to reference transaction benchmarks within each category, avoiding assumptions beyond the data.
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Methodology
Median transaction price for the selected market scope.
Parcel PSF is the median of valid transaction-level parcel PSF values, not median price divided by median area.
Unavailable measurements are not estimated or inferred.
Parcel PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.