Gurney Tower
18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
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Gurney Tower
PSF median price per sq ft · 12m its change over the past 12 months
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Market Snapshot
CommercialRM420,000
RM654 psfMedian transaction price
Gurney Tower, 18-10-D, Gurney Dr, 10250 George Town, Penang, Malaysia
MapsGurney Tower in Timur Laut, Penang recorded 0 subsale transactions in 2021, with a median price of RM420K and a median price per square foot (PSF) of RM654.
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 RM420K, with most transactions falling within a stable range of RM380K to RM460K, and a typical market range of RM382K to RM458K.
Most transactions involved office lot, with minimal variety in property types.
For price per square foot, the median is RM654, with most transactions between RM612 and RM695. The usual range is RM616.25 to RM690.75, showing that most units are priced quite close to each other. With an IQR of RM74.50 and MAD of RM42, 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.