LOGAN MANSION in Timur Laut, Penang recorded 2 subsale transactions in 2023, with a median price of RM 839K and a median price per square foot (PSF) of RM 715.
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 RM 839K, with most transactions falling within a stable range of RM 598K to RM 1.08 million, and a typical market range of RM 689K to RM 989K.
Most transactions involved condominium/apartment, with minimal variety in property types.
For price per square foot, the median is RM 715, with most transactions between RM 712 and RM 717. The usual range is RM 675.00 to RM 754.00, showing that most units are priced quite close to each other. With an IQR of RM 79.00 and MAD of RM 3, the PSF demonstrates reasonable consistency across the market.
While the area has shown positive growth trends, price variations suggest a more dynamic market. This presents opportunities for investors comfortable with moderate volatility. Some price volatility exists, making thorough market research essential before transacting. Limited transaction history suggests carefully evaluating comparable sales data.
