Gurney Tower, Gurney Drive

Gurney Tower is a freehold office building that is located in Gurney Drive, Georgetown. The built-up available at this property is 580 sf to 2,960 sf. Other neighbouring developments nearby are Canton Square, Fortune Heights, Menara BHL, Menara Boustead, Menara Liang Court, Menara Penang Garden, Wisma Getah, Wisma Penang Garden, Wisma Perkeso and Wisma Prudential.

Property Type
Office Building
Land Tenure
580 sf - 2,960 sf
Market Price
RM410,000 - RM1,240,000
Total Units
Completion Date
Launch Price

This office building has some amenities nearby, i.e. schools, universities and hospitals. The following are some main schools here:

As for universities, there are Despark International College Penang, Ipg College Of Higher Education, MSU College Penang Annex C, Ri Yaz College and Wawasan Open University.

The current rental yield of Gurney Tower is around 4.19%, compared to 4.26% 2 years ago in Q4 2020. The highest rental yield ever recorded was 6.55% in Q1 2019; while the lowest one was 3.43% in Q2 2020. Meanwhile, the most common unit layouts and sizes available here are as follows:

The most popular layout and size (built-up) combination at Gurney Tower is 657 sf with a median price of RM630 psf. For price wise, the most expensive one is 580 sf with a median price of RM700 psf; while the cheapest one is 2,960 sf with a median price of RM420 psf.

Latest Gurney Tower sale listings:

DateProperty TypeBuilt-upPrice
4 Aug 2023Office570 sfRM435,000
30 Jun 2023Office1,212 sfRM780,000
7 Apr 2023Office2,960 sfRM1,130,400
23 Mar 2023Office2,960 sfRM1,130,400
23 Mar 2023Office2,960 sfRM1,130,000
9 Dec 2022Office2,960 sfRM1,256,000
29 Nov 2022Office580 sfRM400,000
23 Nov 2022Office2,960 sfRM1,256,000
23 Nov 2022Office2,960 sfRM1,256,000
22 Oct 2022Office570 sfRM400,000

Latest Gurney Tower rental listings:

DateProperty TypeBuilt-upRental
17 Oct 2023Office600 sfRM1,600
21 Sep 2023Office1,050 sfRM2,200
6 Aug 2023Office575 sfRM1,500
2 Aug 2023Office657 sfRM1,800
2 Aug 2023Office660 sfRM2,000
19 Jun 2023Office1,212 sfRM2,750
30 May 2023Office538 sfRM1,600
16 May 2023Retail650 sfRM2,400
11 Apr 2023Office3,250 sfRM6,000
20 Jan 2023Retail500 sfRM3,500
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