penangproperty
Selling NowfreeholdcommercialEst. 2028

Macrovest Sdn. Bhd. (VST Group)

The Westin Residences

Gurney Drive (opposite Gurney Plaza)

From

RM 2.06M

RM 20003500 PSF · Completion 2028

Tenure

freehold

Title

commercial

Total Units

498

Completion

2028

From
RM 2.1M
PSF
RM 2000–3500
Tenure
freehold
Total units
498
Status
selling
Completion
2028
Z

Zac’s Take

Zac Ong

The Westin Residences sits opposite Gurney Plaza inside the existing Westin Penang hotel ecosystem — 498 hotel-managed units leveraging an operational service standard that already exists on the ground. Verdict: worth visiting if you want hospitality-branded STR income with day-one mature service, not a learning-curve local team. Location specifics: Gurney Plaza directly opposite, Gurney Paragon under 10 minutes walk, Penang Chinese Girls' High School ~1.5km, Island Hospital ~4km, Gleneagles ~5km. Gurney corridor is the most amenity-dense address on the island — that's what you pay for. Developer track record: Macrovest (VST Group) is less of a household name than E&O or BSG, but Marriott International runs the operational layer, so the brand-promised service is delivered against Marriott SOP, not Macrovest's. That structural separation is the key reassurance. Unit configuration sweet spot: the 1,033 sqft entry unit is the cleanest investor pick — it sits at the threshold where the brand-premium PSF math still works against achievable STR yield. The 3,670 sqft top-tier units are trophy buys with thinner resale liquidity. Target buyer: HK/SG investor who wants Westin/Marriott-managed rental income; MM2H holder using 50% FD utilisation; expat tenant pool buyer. Not for: own-stay family chasing maximum sqft per ringgit (you'd buy more in Tanjung Bungah landed). Genuine concern: hospitality-branded maintenance + sinking fund will run around RM0.65-0.80 PSF/month — meaningful drag on net yield. Mitigation: insist on seeing the Westin operator-run rental projection in writing and stress-test it against an 80% occupancy scenario, not the developer's headline number.

The Westin Residences unit types

TypeConfigSize (sqft)UnitsCar parks
Type CType C1,033
Type BType B1,324
Type AType A1,604
Type D (Penthouse)Type D (Penthouse)3,670
Total

Building specifications

Blocks
1
Floors
69
Total units
498

Facilities

Infinity PoolSky GymnasiumSky GardensOasis DeckConcierge

What's nearby

🏥 Healthcare

  • Gleneagles Medical Centre Penang1.5km

🛍 Shopping

  • Gurney Paragon Mall500m
  • Gurney Plaza800m

💎 Premium tier — what actually matters

At this price tier, buyers care about a different set of numbers

Most The Westin Residences buyers pay cash or use private banking — so monthly instalments aren't the metric. The questions Zac gets asked are:

  • · Resale liquidity — how long to find a buyer in 5 years
  • · Capital appreciation — what the area has done over 3, 5, 10 years
  • · Carrying cost — maintenance + tax + utilities, not loan
  • · Estate planning — title structure, inheritance handling
  • · Foreign buyer levy & consent — true total cost basis
  • · Lawyer / private banker network — who handles transactions well
Run the ROI / exit strategy calc instead →

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 800KRM 3.3M

asking prices in area

Active projects

0

selling or under construction

Subsale condos

8

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.

DownpaymentRM 206,000
SPA stamp dutyRM 66,400
SPA legal feeRM 19,730
MOT stamp duty (at VP)

Tiered 1–4% on transfer value. Paid at Vacant Possession stage. Buyer's cost — rarely absorbed by developer.

RM 66,400
Loan stamp duty (0.5%)RM 9,270
Loan agreement legal feeRM 9,270
Valuation feeRM 3,500
Search, admin, miscRM 1,000
Gross upfront totalRM 381,570

New launch — typical developer savings

Toggle what the developer is absorbing. Confirm the actual package before signing.

Cash rebate3% = RM 61,800
0%5%10%
Total developer savingsRM 100,070

Net upfront (after savings)

Based on typical 2026 new launch package

RM 281,500

Estimates based on 2026 Penang state rules. Actual costs vary by bank, lawyer, and case complexity. Confirm exact figures with Zac →

Frequently asked questions

How much is Westin Residences Penang per square foot in 2026?

+
PSF is positioned in the hospitality-branded premium bracket, typically RM1,900-2,400 indicative. Entry from RM2M for the 1,033 sqft units. Confirm live pricing with developer.

Is Westin Residences Penang freehold?

+
Yes — freehold tenure. Title is commercial (typical for hotel-managed serviced residences); this affects loan margin and the foreign-buyer state consent route. Discuss with your lawyer at SPA stage.

Can I rent out my Westin Residences unit on Airbnb?

+
The intended structure is the Westin-operator-run rental programme — the hotel manages your unit as a serviced apartment when you're not in residence, splitting revenue. Independent third-party Airbnb is typically restricted by building rules.

What is the maintenance fee at Westin Residences Penang?

+
Hospitality-branded maintenance typically lands around RM0.65-0.80 PSF/month. On a 1,033 sqft unit, roughly RM700-825/month before sinking fund. Higher than unbranded — the premium funds hotel-grade service.

When will Westin Residences Penang be completed?

+
Currently under construction. Exact handover target should be confirmed at booking; branded fit-out adds time beyond shell completion.

Substitutes worth comparing

Open full comparison →

Same area family, same property type, similar price band — what most buyers actually cross-shop.

From

RM 2.1M

The Westin Residences

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