Gurney Tower in Timur Laut, Penang recorded 4 subsale transactions in 2022, with a median price of RM374K and a median price per square foot (PSF) of RM579.

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 RM374K, with most transactions falling within a stable range of RM355K to RM398K, and a typical market range of RM355K to RM412K.

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

For price per square foot, the median is RM579, with most transactions between RM546 and RM613. The usual range is RM541.85 to RM616.35, showing that most units are priced quite close to each other. With an IQR of RM74.50 and MAD of RM33, 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.