GURNEY TOWER

GURNEY TOWER in Timur Laut, Penang recorded 3 subsale transactions in 2023, with a median price of RM 450K and a median price per square foot (PSF) of RM 685.

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 450K, with most transactions falling within a stable range of RM 410K to RM 490K, and a typical market range of RM 414K to RM 486K.

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

For price per square foot, the median is RM 685, with most transactions between RM 644 and RM 726. The usual range is RM 655.00 to RM 715.00, showing that most units are priced quite close to each other. With an IQR of RM 60.00 and MAD of RM 41, 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.