Penang
Timur Laut
Georgetown
GURNEY TOWER

GURNEY TOWER

Area Intelligence

2023

Median Price

RM 455,000

PSF: RM 671

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Commercial PSF Trends

Median Price

RM 455,000

RM 671 PSF

GURNEY TOWER in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 455K and a median price per square foot (PSF) of RM 671.

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 455K, with most transactions falling within a stable range of RM 417K to RM 460K, and a typical market range of RM 419K to RM 460K.

Most transactions involved office lot, with minimal variety in property types.

For price per square foot, the median is RM 671, with most transactions between RM 649 and RM 693. The usual range is RM 641.00 to RM 701.00, showing that most units are priced quite close to each other. With an IQR of RM 60.00 and MAD of RM 22, 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. The consistent property type and stable pricing make it easier to assess value and compare trends. Limited transaction history suggests carefully evaluating comparable sales data.

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GURNEY TOWER, Timur Laut, Penang

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Transactions

3 transactions found

Popular Ranges

Under RM 300k RM 300k - 500k RM 500k - 750k RM 750k - 1M RM 1M - 2M RM 2M+

Custom Range

Min Price (RM)

Max Price (RM)

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Size Range (sqft)

Popular Ranges

Under 1,000 sqft 1,000 - 2,000 sqft 2,000 - 3,000 sqft 3,000 - 5,000 sqft 5,000 - 10,000 sqft 10,000+ sqft

Custom Range

Min Size (sqft)

Max Size (sqft)

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RM 375,000

Level 17

570 sqft • RM 657.00 PSF

Sep 2023

RM 450,000

Level 24

657 sqft • RM 685.00 PSF

Jun 2023

RM 460,000

Level 25

646 sqft • RM 712.00 PSF

Apr 2023

Road	Price	Land PSF	Land	Date	Type
Level 17	RM 375,000	RM 657.00	570 sqft	Sep 2023	Office Lot
Level 24	RM 450,000	RM 685.00	657 sqft	Jun 2023	Office Lot
Level 25	RM 460,000	RM 712.00	646 sqft	Apr 2023	Office Lot