Sungai Nibong Β· Subsale Market
Novus Subsale β Sungai Nibong, Penang
Current asking prices, floor plans, and what to inspect before signing the SPA. Live subsale shortlist sent direct to your WhatsApp.
Novus is a completed freehold condominium in Sungai Nibong, Penang, completed in 2020 by Prisma Bumiraya Sdn. Bhd. (Pearl Ocean). It has 273 units. It launched from around RM 530K in 2017 β that is the launch price, not a current resale figure. WhatsApp Zac for live asking prices.
Price at a glance
Prices as at September 2026 β Developer launch prices basis. Last checked 2026-07-20. A negotiation floor, not what it trades at today.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 860β1,155 | RM530,000 | RM616 |
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Novus subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within 3 months of SPA. No 36-month construction wait.
Verified surroundings
Sungai Nibong's noise levels, traffic, neighbour mix, and JMC quality are known quantities at Novus.
Established maintenance
Sinking fund history is visible. You can read the last 12 months of JMC minutes before committing.
How Novus is priced within Sungai Nibong
At roughly RM616 psf, Novus prices toward the upper end of Sungai Nibong's condo band (RM320β753 psf). Expect to justify that with something concrete: sea view, low density, branded management, or a genuinely superior position within the area.
Area gross yield
~5%
Typical for Sungai Nibong condos
Building age
6 years
Completed 2020
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data β see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
The Novus pre-purchase checklist
- 1.Remaining lease (if leasehold) β Ask for the exact expiry year. Banks tighten lending as the remaining term shortens, which affects both your loan and your future buyer's.
- 2.Outstanding charges and caveats β Your lawyer should run a full land search for caveats, charges or restrictions in interest before you release any deposit.
- 3.Genuine transacted comparables β Ask for recent transacted prices in the same block, not asking prices. Asking prices tell you what sellers hope for, not what the market pays.
- 4.Exit tax position β Model your RPGT before you buy, not when you sell. Holding period changes the maths substantially, especially for foreign owners.
- 5.Vacant possession terms β Agree in writing what stays β air-conditioners, built-ins, curtains, lights. Fixture disputes at handover are entirely avoidable.
Novus price 2026
What Novus trades at on the sub-sale market, last checked 2026-07-20.
| Asking from | RM530,000+ |
| PSF | RM616 β 753 |
| Built-up | 860 β 1,155 sqft |
| Completed | 2020 |
| Units | 273 |
Developer launch price. This is what the developer charged at launch, not what the building trades at today. Treat it as a floor for negotiation, not a guide to current value.
The building is 6 years old. Still young. The defects liability period has long expired, so anything outstanding is now the management corporationβs problem and, through the sinking fund, partly yours. Check what was actually rectified.
Every unit here sits below the RM1M foreign-buyer minimum, so this building is open to Malaysian and PR buyers only.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep β and if you are near the five-to-six-year line, the date matters more than the price.
Novus for sale & for rent
Looking to buy or rent a unit in Novus? Asking prices and rents move with the market and with the specific unit β floor, facing, condition β so rather than quote a stale number, message Zac for the current listings and a straight read on what is realistic today.
Novus key facts
- Developer
- Prisma Bumiraya Sdn. Bhd. (Pearl Ocean)
- Area
- Sungai Nibong, Penang
- Type
- condominium
- Tenure
- freehold
- Completed
- 2020
- Total units
- 273
- Asking PSF
- RM616β753
- Price from
- RM 530K
Need the full project profile? Specifications, floor plans, nearby amenities, and Zac's take on Novus:
View full Novus profile βSungai Nibong β area snapshot
Full area guide βPrice range
RM 460K β RM 650K
asking prices in area
Active projects
0
selling or under construction
Subsale condos
4
completed projects
Total tracked
5
properties in this area
Other projects in Sungai Nibong
Other projects in Sungai Nibong
All 4 others we track here, cheapest first β all trading sub-sale.
- Casa AnggunRM460K
- Iconic RegencyRM490K
- Celesta ResidencyRM635K
- The Sun @ Sungai NibongRM650K
Novus subsale β common questions
What is the price of Novus?
Novus runs RM530,000 and up. That is the developer launch price, not what the building trades at today. Treat it as a floor for negotiation. That works out to about RM616β753 per square foot. Checked 2026-07-20.
Is Novus freehold or leasehold?
Novus is freehold. We do not hold the land title class on record β confirm it with the developer, because a commercial title changes your utility tariffs and loan margin.
Can a foreigner buy at Novus?
Not at current prices. Penang Island sets a RM1,000,000 minimum for foreign buyers and no unit here clears it, so Novus is open to Malaysian and PR buyers only.
When was Novus completed?
Novus completed in 2020, developed by Prisma Bumiraya Sdn. Bhd. (Pearl Ocean). Units here trade sub-sale.
How big are the units at Novus?
Built-ups run 860 to 1,155 sq ft. There are 273 units in total.
Who developed Novus?
Prisma Bumiraya Sdn. Bhd. (Pearl Ocean).
More on the neighbourhood:
Sungai Nibong area guide β schools, transport, PSF, lifestyle scorecard βSubstitutes worth comparing
Open full comparison βSame area family, same property type, similar price band β what most buyers actually cross-shop.