GURNEY TOWER

GURNEY TOWER in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM 374K and a median price per square foot (PSF) of RM 579.

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 374K, with most transactions falling within a stable range of RM 355K to RM 398K, and a typical market range of RM 355K to RM 404K.

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

For price per square foot, the median is RM 579, with most transactions between RM 546 and RM 612. The usual range is RM 546.25 to RM 611.75, showing that most units are priced quite close to each other. With an IQR of RM 65.50 and MAD of RM 33, 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.