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
|
|---|---|---|---|---|---|
| 2025 | |||||
|
Level 22
|
RM 475,000
|
RM 735
|
646 sqft
|
|
Office |
|
Level 23
|
RM 480,000
|
RM 731
|
657 sqft
|
|
Office |
|
Level 13
|
RM 460,000
|
RM 712
|
646 sqft
|
|
Office |
|
Level 17
|
RM 980,000
|
RM 650
|
1,507 sqft
|
|
Office |
| 2024 | |||||
|
Level 19
|
RM 380,000
|
RM 666
|
570 sqft
|
|
Office |
|
Level 13
|
RM 400,000
|
RM 609
|
657 sqft
|
|
Office |
|
Level 14
|
RM 420,000
|
RM 640
|
657 sqft
|
|
Office |
|
Level 25
|
RM 468,000
|
RM 725
|
646 sqft
|
|
Office |
|
Level 33
|
RM 420,000
|
RM 640
|
657 sqft
|
|
Office |
|
Level 9
|
RM 395,000
|
RM 692
|
570 sqft
|
|
Office |
| 2023 | |||||
|
Level 17
|
RM 375,000
|
RM 657
|
570 sqft
|
|
Office |
|
Level 26
|
RM 764,000
|
RM 634
|
1,206 sqft
|
|
Office |
|
Level 24
|
RM 450,000
|
RM 685
|
657 sqft
|
|
Office |
|
Level 25
|
RM 460,000
|
RM 712
|
646 sqft
|
|
Office |
| 2022 | |||||
|
Level 18
|
RM 388,000
|
RM 601
|
646 sqft
|
|
Office |
|
Level 10
|
RM 360,000
|
RM 557
|
646 sqft
|
|
Office |
|
Level 9
|
RM 355,000
|
RM 550
|
646 sqft
|
|
Office |
|
Level 24
|
RM 415,000
|
RM 632
|
657 sqft
|
|
Office |
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Market Snapshot
CommercialRM 420,000
RM 654 psfMedian transaction price
Gurney Tower, 18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
MapsGurney Tower in Timur Laut, Penang recorded 18 subsale transactions between 2021 and 2026, with a median price of RM 420K 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 420K, with most transactions falling within a stable range of RM 380K to RM 460K, and a typical market range of RM 382K to RM 458K.
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 625 and RM 708. 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 42, the PSF demonstrates reasonable consistency across the market.
Overall, the market in this area appears stable with consistent appreciation, making it an attractive option for both investors and homebuyers. Moderate price stability provides a balanced market for both buyers and sellers. Limited transaction history suggests carefully evaluating comparable sales data.