Penang Island

Gurney Drive

Penang Island's premier lifestyle and luxury corridor

Condo PSF

RM 750–1800

Avg Yield

3.8%

Avg Rent (condo)

RM 3,500

Active projects

What is the average PSF in Gurney Drive in 2026?

The average condo PSF in Gurney Drive is roughly RM750–1800 as of 2026, based on NAPIC/Brickz-checked benchmarks for the area.

Condo PSF rangeRM 750–1800
Gross rental yield3.8%
Avg. condo rentRM 3,500/mo

Character

The most prestigious address on Penang Island. Fronts the Gurney Drive waterfront promenade with the island's best concentration of malls (Gurney Plaza, Gurney Paragon), restaurants, and luxury condominiums. Commands the highest PSF on the island.

Lifestyle scorecard

Zac's honest 1–10 rating across the dimensions buyers care about most.

Walkability

8/10

Food scene

10/10

Schools

8/10

Beach access

4/10

Traffic / commute

3/10

Family-friendly

7/10

Public transport

6/10

Expat community

9/10

✅ Pros

Island's most prestigious address
Best mall concentration on the island
Waterfront promenade lifestyle
High capital appreciation history
Proposed LRT station will boost values further

⚠️ Cons

Highest price per sqft — most condos above RM1M
Heavy traffic on Gurney Drive and surrounding roads
Many developments are commercial title — check before buying
Older stock mixed in with premium — due diligence required

Transaction benchmark

April 2024 - March 2025 (trailing 12 months)

Condo PSF (low)

RM 720

Condo PSF (high)

RM 1750

Sample

Brickz/EdgeProp aggregate; project anchors include Gurney Paragon Residences (RM1,400-1,750/sf), The Gurney (~RM900-1,100/sf), Birch Regency / Gurney Heights (~RM720-850/sf).

Gurney Drive is the highest-PSF locality on Penang island. Premium brand anchors (Gurney Paragon Residences, KGV, future YOO8/serviced residences) sit well above RM1,500/sf; older blocks along Persiaran Gurney sit RM700-900/sf. NAPIC publishes district-level (Timur Laut) only; Brickz/EdgeProp are the closest verifiable public sources.

Sources

For unit-by-unit recent transactions on any specific Gurney Drive project, ask Zac for the latest →

📈 What to watch over the next 3 years

Verifiable upcoming events from named, dated announcements — not price speculation.

Gurney Wharf coastal park (Phase 1 opened 2024) — the 24-acre seafront promenade extension built on reclaimed Gurney Drive land — continues to mature with Phase 2 landscape/F&B fit-out through 2026, reinforcing the lifestyle anchor that supports premium condo PSF.
Gurney Drive is NOT on the funded Mutiara LRT alignment. A future extension is speculative — over the next 3 years relative transit accessibility advantage shifts to KOMTAR / Bayan Lepas corridor, not Gurney.
Premium branded-residence pipeline along the corridor (KGV-area redevelopment, additional 8 Gurney / Gurney Residences phases) keeps Gurney as Penang's de facto luxury benchmark, but adds resale competition for older 2010s stock.
Penang's island-wide STR ban remains in force — Gurney serviced apartment owners shifting to long-term rental, compressing gross yields below 4% but supporting capital values.

Sources (3)

Every project in Gurney Drive, priced

All 9 tracked projects — 1 selling, 8 trading sub-sale. Rendered from our project records, so a correction updates this table everywhere it appears.

Gurney Drive is a sub-sale market, not a launch market — only 1 of 9 tracked projects are selling. Buying here this year means buying from an owner, not a developer.

Selling now

Project	Price	PSF	Tenure	Land title	Built	Status
W Residence Gurney Bay	RM2.37M	—	Freehold	Residential	2028	selling

Sub-sale — 8 projects

Project	Price	PSF	Tenure	Land title	Built	Status
1 Persiaran Gurney (PG1)	RM1.15M–RM2.36M	970	Freehold	Residential	1988	sub-sale
SOHO @ Gurney	RM1.34M	1531–1599	Freehold	Commercial	2016	sub-sale
Setia V Residences	RM1.58M–RM4.1M	911–1593	Freehold	confirm	2017	sub-sale
Marriott Residences	RM1.6M–RM7M	1837–2634	Freehold	Commercial	2023	sub-sale
Sunrise @ Gurney	RM2.5M	850–1599	Freehold	Commercial	2016	sub-sale
11 Gurney Drive	RM2.7M	767–1001	Freehold	Residential	2007	sub-sale
Gurney Paragon	RM2.85M–RM6M	900–1290	Freehold	confirm	2011	sub-sale
8 Gurney (The Shore)	RM3.48M–RM7M	463–655	Freehold	Residential	2013	sub-sale

Price bands

Under RM700K0

RM700K–1M0

RM1–2M4

RM2M+5

Foreign buyers

9 of 9 have at least one unit clearing the RM1M island minimum. The threshold never varies by title class.

Title & tenure

3 on commercial title — lower LTV ceiling, commercial utility and quit-rent tariffs: Marriott Residences, SOHO @ Gurney, Sunrise @ Gurney.
2 have no land title on record. Confirm it in writing before committing — it changes your financing.