The verdict
4.2/ 5My take: standard units sold for about RM2.18M–2.6M in 2013–2016 and 2026 listings still start around RM2.25M, so this is a space-for-money home, not a growth play.
- Price
- RM2.25M–RM5M
- Tenure
- Freehold
- Land title
- Residential
- Completion
- 1997
Zac’s own rating, not user reviews.
Zac’s own rating, not an average of user reviews. It reflects one licensed agent’s assessment of this project against others he tracks in Penang.
Here's the number that makes Silverton interesting. Between 2013 and 2016, its standard 4,123 sq ft homes changed hands for about RM2.18M to RM2.6M. In 2026, listings still start around RM2.25M. A decade on, you're paying roughly the same for one of the largest condo homes on Gurney Drive.
Silverton is a freehold tower on Persiaran Gurney, completed in 1997, with two homes per floor. The standard units are about 4,123 and 4,230 sq ft, each with five bedrooms and four bathrooms, and there's a penthouse of about 12,370 sq ft at the top. Prices in 2026 run from about RM2.25M to RM5M.
Key takeaways:
- Freehold, 1997, on Persiaran Gurney; about 70 homes, two per floor, every one a corner unit.
- Five-bedroom homes of about 4,120–4,230 sq ft from about RM2.25M, roughly RM530–550 psf.
- Prices have barely moved in ten years: good for buyers, a warning for anyone expecting growth.
- Budget for renovation and ask hard questions about the building's upkeep.
What you get for the money
Size, mainly. Most Penang condos are 1,000 to 2,500 sq ft. At over 4,000 sq ft with five bedrooms, a Silverton home is closer to a large house than an apartment. With two homes per floor, every unit is a corner unit with a long balcony; higher floors look over the sea along Gurney Drive.
The facilities are of their era but complete: a pool and children's pool with a water slide, gym, sauna, jacuzzi, tennis and squash courts, a playground and 24-hour security, with two covered parking bays per home. Pulau Tikus market is about a kilometre away and Gleneagles Hospital a little over two.
Why prices have stood still
Gurney's newer towers have taken buyers' attention, and many Silverton homes still carry 1990s kitchens and bathrooms. A buyer at RM2.25M is really paying for space and an address, then spending more to bring the home up to date.
That cuts both ways. For an owner-occupier who wants room, it's good value: newer Gurney buildings charge far more per square foot for much smaller homes. For an investor expecting the price to climb, the last ten years are the honest guide. This building has held its value, not grown it.
What to check before you offer
The building's finances. Silverton is nearly 30 years old. Ask the management for the latest accounts, the sinking-fund balance, recent major works (lifts, façade, pumps) and anything planned. A building this age is only as good as its upkeep.
The unit's condition. Some homes have been fully renovated; others are close to original. Get a contractor's estimate for an original unit before you agree a price, because a full refit of a 4,000 sq ft home is a big bill.
Listings are scarce. With about 70 homes, only a handful come up each year. If you have a particular floor or view in mind, expect to wait.
Yield is modest. Rents in the listings I tracked ran about RM6,500–8,000 a month. On RM2.5M that's about 3–4% gross before costs. It's a home first.
How it compares on Gurney
- 11 Gurney Drive: 59 homes, completed 2007, from about RM2.7M. Newer, with homes of about 3,500 sq ft.
- 8 Gurney: 90 homes, completed 2013, from about RM3.48M. Bigger homes (about 5,800 sq ft and up) and more modern, at a higher price per foot.
- Sunrise @ Gurney: 78 homes, completed 2016, from about RM1.25M, on commercial title, with homes from about 794 sq ft.
If space for the money is the priority, Silverton is hard to beat on the strip. If modern finishes matter more, 11 Gurney Drive or 8 Gurney are the alternatives at a higher price.
Zac’s Take
Zac Ong
Silverton is for the family that needs real space on Gurney and is happy to renovate: five bedrooms and over 4,000 sq ft from about RM2.25M, freehold, two homes a floor. Prices have been flat for a decade, which is good news if you're buying to live in and a warning if you're buying for growth. Check the management accounts and the unit's condition before you offer.
Next step
Send me your budget, preferred floor band and how much renovation you're willing to take on, and I'll tell you what's available and what's likely to come up. WhatsApp me here.
More context: best condos in Gurney Drive 2026 and the Gurney Drive property guide 2026. Foreign-buyer costs are in the foreign buyer guide.
Current details and listings are on the Silverton Condominium project page.
Sources: Units, floors, unit types, the penthouse size and 2013–2016 transactions from StarProperty's Silverton page; facilities and nearby amenities from Penang Travel Tips' building page. 2026 asking prices from portal listings; asking rents from listings I track (September–October 2026).