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NOVUS Transaction Price & PSF

NOVUS · Condominium/Apartment · Barat Daya · Pulau Pinang · Data through May 2025

Median price
RM707,500
Median Floor PSF
Not available0.0% usable coverage · 0 of 32 transactions
Transactions
32
Data period
May 2025From July 2021

These are transaction-based market benchmarks for the selected scope. They are not a valuation of an individual unit.

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.

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.

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Frequently 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.

Floor PSF is the median of valid transaction-level floor PSF values using main floor area, not median price divided by median floor area.

Unavailable measurements are not estimated or inferred.

Floor PSF is displayed when there are at least 10 valid PSF observations and coverage is at least 25%.

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