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
|
|
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Market Snapshot
CommercialRM 477,500
RM 722 psfMedian transaction price
Gurney Tower, 18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
MapsGurney Tower in Timur Laut, Penang recorded 4 subsale transactions between 2021 and 2026, with a median price of RM 478K and a median price per square foot (PSF) of RM 722.
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 478K, with most transactions falling within a stable range of RM 460K to RM 698K, and a typical market range of RM 460K to RM 516K.
Most transactions involved office lot, with minimal variety in property types.
For price per square foot, the median is RM 722, with most transactions between RM 688 and RM 756. The usual range is RM 684.40 to RM 758.90, showing that most units are priced quite close to each other. With an IQR of RM 74.50 and MAD of RM 34, 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.