Gurney Palace in Timur Laut, Penang recorded 2 subsale transactions in 2025, with a median price of RM2.69 million and a median price per square foot (PSF) of RM636.

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

Price remained flat, and PSF growth was PSF remained flat. The median price is RM2.69 million, with most transactions falling within a stable range of RM2.08 million to RM3.30 million, and a typical market range of RM2.51 million to RM2.87 million.

Most transactions involved condominium/apartment, with minimal variety in property types.

Price per square foot shows a median of RM636, though individual units vary from RM492 to RM780 in the core range. The broader market spans RM590.85 to RM680.85, indicating diverse property characteristics. The spread of RM90.00 (IQR) and deviation of RM144 (MAD) suggest moderate price variations reflecting different property features.

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.