GURNEY TOWER

GURNEY TOWER in Timur Laut, Penang recorded 4 subsale transactions in 2023, with a median price of RM 455K and a median price per square foot (PSF) of RM 671.

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 455K, with most transactions falling within a stable range of RM 375K to RM 604K, and a typical market range of RM 425K to RM 485K.

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

For price per square foot, the median is RM 671, with most transactions between RM 642 and RM 700. The usual range is RM 638.25 to RM 703.75, showing that most units are priced quite close to each other. With an IQR of RM 65.50 and MAD of RM 29, 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.