Novum, Bangsar South

Novum (also known as Residensi Era Novum) is a freehold mixed condominium & retail development that is located in Bangsar South, Pantai. There are 729 condominium units available at this condominium with built-up from 647 sf to 1,441 sf for condominium units. It was developed by UOA Development Bhd with a launch price at around RM800 psf for condominium units, and was completed around 2019.

UOA Development Bhd is a huge real estate company listed on KLSE, and it has constructed around 58 real estate projects in Malaysia. Other similar projects by the same developer are Danau Kota Suite and Suria.

This mixed condominium & retail development has some amenities nearby, for example universities, transit stations, hospitals and schools. The following are some main universities here:

• 1st Residential College Um
• Bangunan Peperiksaan Universiti Malaya (Utama)
• Kolej Kediaman Pertama Universiti Malaya
• University Of Malaya
• University Of Malaya Centre For Continuing Education (UMCCed)
• University Of Malaya Visa Unit

As for transit stations, there are Komuter Angkasapuri, Komuter/LRT Abdullah Hukum, LRT Kerinchi and LRT Universiti. There are also some hospitals here, i.e. Cengild G.I. Medical Centre (CGI), Lifecare Diagnostic Medical Centre and Pantai Hospital Kuala Lumpur.

Lastly, the schools here are SK Bangsar, SMK Seri Pantai and Sri Dasmesh International School.

The current rental yield of Novum is 4.57% for condominium units. The highest rental yield ever recorded was 6.24% in Q2 2023 (condominium); while the lowest one was 3.91% in Q3 2021 (condominium). Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Novum for condominium units is 2-bedroom / 823 sf with a median price of RM1,120 psf. For price wise, the most expensive one is 2-bedroom / 823 sf with a median price of RM1,120 psf; while the cheapest one is 3-bedroom / 1,302 sf with a median price of RM810 psf.