Gurney Park, Gurney Drive

Gurney Park (also known as Gurney Park Condominium) is a freehold apartment located in Gurney Drive, Georgetown. There are 588 units available at this project with built-up from 900 sf to 1,000 sf. It was developed by City Associates Group with a launch price of about RM260 psf, and was completed around 1999.

City Associates Group is a small-scale property development group, and it has developed about 4 property projects in Malaysia. Other similar projects by the same developer are 8 Gurney, Gurney Beach and The Cove.

Property Type
Apartment
Land Tenure
Freehold
Built-up
900 sf - 1,000 sf
Market Price
RM650,000 - RM700,000
Density
588 Units
Completed In
1999
Launch Price
About RM260 psf

This apartment has many amenities nearby, i.e. schools, universities and hospitals. The following are some of the main schools here:

As for universities, there are Adventist College Of Nursing And Health Sciences and MSU College Penang Annex C.

The current rental yield of Gurney Park is around 3.69%, compared to 3.48% 2 years ago in Q3 2018. The highest rental yield ever recorded was 6.13% in Q2 2010; while the lowest one was 3.0% in Q1 2018. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size combination at Gurney Park is 3-bedroom / 970 sf with a median price of RM680 psf. For price wise, the most expensive one is 3-bedroom / 900 sf with a median price of RM780 psf; while the cheapest one is 3-bedroom / 950 sf with a median price of RM680 psf.

Latest Gurney Park for sale listings:

DateTypeBuilt-upPrice
23 May 2020Condominium980 sfRM650,000
21 May 2020Condominium950 sfRM650,000
18 Apr 2020Condominium970 sfRM740,000
22 Apr 2020Condominium970 sfRM690,000
12 Apr 2020Condominium970 sfRM630,000
1 Apr 2020Condominium1,100 sfRM850,000
15 Mar 2020Condominium970 sfRM710,000
18 Mar 2020Condominium970 sfRM650,000
13 Mar 2020Condominium950 sfRM650,000
9 Mar 2020Condominium950 sfRM648,000

Latest Gurney Park for rent listings:

DateTypeBuilt-upRental
TodayRoom In Apartment-NA-RM800
TodayRoom In Apartment-NA-RM680
TodayRoom In Apartment-NA-RM375
TodayCondominium1,000 sfRM2,000
YesterdayCondominium970 sfRM1,600
YesterdayCondominium970 sfRM2,000
YesterdayCondominium950 sfRM1,500
YesterdayCondominium950 sfRM1,700
YesterdayCondominium970 sfRM1,700
YesterdayCondominium970 sfRM2,000
2 user comments on Gurney Park
via
Google Reviews
17 Apr 2018 @ 12:00 AM

Terrible maintenance. When something breaks down, all management does is put up a stupid sign, and that's the end of it. Nothing gets repaired. Management known to embezzle funds.

via
Google Reviews
29 Apr 2019 @ 12:00 AM

Residents with card only allow to use the facilities. And to apply for the card, residents normally have fo wait for months. I am renting one of the units, the day I moved in i was stopped by guard and denied entry. Reason given is they suspected I am renting one of the units as service apartment or b&b. As B&B is NOT ALLOW here. The guard house team are very rude and not friendly. They clamp your visitors car if more than 1 hour and demand for money, owners despise tenants who are renting the place, politics and gossips, etc etc....