Gurney Tower in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM455K and a median price per square foot (PSF) of RM671.

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 RM455K, with most transactions falling within a stable range of RM375K to RM604K, and a typical market range of RM417K to RM493K.

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

For price per square foot, the median is RM671, with most transactions between RM642 and RM701. The usual range is RM634.09 to RM708.59, showing that most units are priced quite close to each other. With an IQR of RM74.50 and MAD of RM29, 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.