GURNEY TOWER

GURNEY TOWER in Timur Laut, Penang recorded 6 subsale transactions in 2024, with a median price of RM 410K and a median price per square foot (PSF) of RM 653.

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 410K, with most transactions falling within a stable range of RM 382K to RM 438K, and a typical market range of RM 380K to RM 440K.

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

For price per square foot, the median is RM 653, with most transactions between RM 615 and RM 691. The usual range is RM 620.25 to RM 685.75, showing that most units are priced quite close to each other. With an IQR of RM 65.50 and MAD of RM 38, 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.