1 Persiaran Gurney (PG1)
Persiaran Gurney, Gurney Drive
From
RM 1.38M
RM 789–1012 PSF · Completion 1988
Tenure
freehold
Title
residential
Total Units
198
Completion
1988
- From
- RM 1.4M
- PSF
- RM 789–1012
- Tenure
- freehold
- Total units
- 198
- Status
- completed
- Completion
- 1988
Zac’s Take
Zac Ong
1 Persiaran Gurney — PG1 — is an old-guard freehold address right on the Gurney seafront. It's a mature building (completed 1988), but the draw is location and unit size: large 1,400 sqft-plus layouts and 3,000 sqft-plus penthouses on prime frontage.
My honest take: you're buying position, not newness. For a buyer who wants a big freehold Gurney unit to renovate on a front-row plot, PG1 offers value at about RM789–1,012 psf (from ~RM1.38M) that newer towers can't touch on price. Check the building's maintenance and sinking fund carefully — I'll help review before you commit.
Monthly Instalment Calculator
Monthly Instalment
RM 5,574
Total Interest
RM 1,099,083
Total Outlay
RM 2,479,083
Gurney Drive — area snapshot
Full area guide →Gurney Drive is Penang's prestige address for high-end residential. Limited land and consistent demand from local professionals and overseas Malaysians keep prices elevated.
Price range
RM 800K – RM 3.3M
asking prices in area
Active projects
1
selling or under construction
Subsale condos
7
completed projects
Total tracked
9
properties in this area
Total Cost Breakdown
Every cost you'll pay — stamp duty, legal fees, loan documentation, foreign levy. Real Penang numbers, not generic Malaysia estimates.
| Downpayment | RM 138,000 |
| SPA stamp duty | RM 39,200 |
| SPA legal fee | RM 14,290 |
| MOT stamp duty (at VP) Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer. | RM 39,200 |
| Loan stamp duty (0.5%) | RM 6,210 |
| Loan agreement legal fee | RM 6,210 |
| Valuation fee | RM 2,000 |
| Search, admin, misc | RM 1,000 |
| Gross upfront total | RM 246,110 |
New launch — typical developer savings
Toggle what the developer is absorbing. Confirm the actual package before signing.
Net upfront (after savings)
Based on typical 2026 new launch package
Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →
Frequently asked questions
Is 1 Persiaran Gurney (PG1) freehold?
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What are subsale prices at 1 Persiaran Gurney?
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Is it worth buying an older building like PG1?
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Can foreigners buy at 1 Persiaran Gurney?
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Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.
From
RM 1.4M
1 Persiaran Gurney (PG1)