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 19
|
RM 380,000
|
RM 666
|
570 sqft
|
|
|
|
Level 9
|
RM 395,000
|
RM 692
|
570 sqft
|
|
|
Level 13
|
RM 400,000
|
RM 609
|
657 sqft
|
|
|
|
Level 14
|
RM 420,000
|
RM 640
|
657 sqft
|
|
|
|
Level 25
|
RM 468,000
|
RM 725
|
646 sqft
|
|
|
|
Level 33
|
RM 420,000
|
RM 640
|
657 sqft
|
|
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Market Snapshot
CommercialRM 410,000
RM 653 psfMedian transaction price
Gurney Tower, 18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
MapsGurney Tower in Timur Laut, Penang recorded 6 subsale transactions in 2024, with a median price of RM 410K and a median price per square foot (PSF) of RM 653.
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 410K, with most transactions falling within a stable range of RM 382K to RM 438K, and a typical market range of RM 380K to RM 448K.
Most transactions involved office lot, with minimal variety in property types.
For price per square foot, the median is RM 653, with most transactions between RM 615 and RM 691. The usual range is RM 615.63 to RM 690.13, showing that most units are priced quite close to each other. With an IQR of RM 74.50 and MAD of RM 38, 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.