Gurney Tower
18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
| Road | Price | PSF | Size | Date | Type |
|---|
|
Level 22
|
RM 475,000
|
RM 735
|
646 sqft
|
|
|
|
Level 23
|
RM 480,000
|
RM 731
|
657 sqft
|
|
|
|
Level 13
|
RM 460,000
|
RM 712
|
646 sqft
|
|
|
|
Level 13
|
RM 400,000
|
RM 609
|
657 sqft
|
|
|
|
Level 14
|
RM 420,000
|
RM 640
|
657 sqft
|
|
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Market Snapshot
CommercialRM 460,000
RM 666 psfMedian transaction price
Gurney Tower, 18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
MapsGurney Tower in Timur Laut, Penang recorded 7 subsale transactions between 2021 and 2026, with a median price of RM 460K and a median price per square foot (PSF) of RM 666.
This area consists exclusively of commercial properties, with no residential listings recorded.
Price remained flat, and PSF growth was PSF remained flat. The median price is RM 460K, with most transactions falling within a stable range of RM 380K to RM 654K, and a typical market range of RM 422K to RM 498K.
Most transactions involved office lot, with minimal variety in property types.
For price per square foot, the median is RM 666, with most transactions between RM 621 and RM 711. The usual range is RM 628.84 to RM 703.34, showing that most units are priced quite close to each other. With an IQR of RM 74.50 and MAD of RM 45, 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.