Penang
Timur Laut
Georgetown
GURNEY TOWER

GURNEY TOWER

Area Intelligence

2023

Median Price

RM 764,000

PSF: RM 634

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Commercial PSF Trends

Median Price

RM 764,000

RM 634 PSF

GURNEY TOWER in Timur Laut, Penang recorded 1 subsale transactions in 2023, with a median price of RM 764K and a median price per square foot (PSF) of RM 634.

This area consists exclusively of commercial properties, with no residential listings recorded.

Price remained flat, and PSF growth was PSF remained flat.

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

For price per square foot, the median is RM 634, with most transactions between RM 634 and RM 634. The usual range is RM 604.00 to RM 664.00, showing that most units are priced quite close to each other. With an IQR of RM 60.00 and MAD of RM 0, 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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