Gurney Drive · Subsale Market
1 Persiaran Gurney (PG1) Subsale — Gurney Drive, Penang
Current asking prices, Zac's honest take, and what to check before you buy. Ask for the current shortlist on WhatsApp.
1 Persiaran Gurney (PG1) is a completed freehold condominium in Gurney Drive, Penang, completed in 1988. It has 198 units. Subsale asking prices start from roughly RM 1.40M.
Price at a glance
Prices as at November 2026 — Subsale asking prices basis. Last checked 2026-10-12.
| Unit type | Size (sqft) | Price from | PSF from |
|---|---|---|---|
| All units | 1,579–4,209 | RM1.4M | ~RM887 |
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, but the draw is location and unit size: large 1,400 sqft-plus layouts and 3,000 sqft-plus penthouses on prime frontage.
My 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, with 2026 listings from about RM1.4M to RM2.5M, that newer towers can't touch on price. Check the building's maintenance and sinking fund carefully — I'll help review before you commit.
Reviews and comparisons
- 1 Persiaran Gurney (PG1) Review 2026 — Freehold on Gurney Drive, 1988 Vintage
- Sunrise @ Gurney Review 2026 — Small Sea-View Duplexes on Commercial Title
- Best Condos in Gurney Drive Penang 2026 — Every Branded + Sea-View Address, Ranked
- Penang Healthcare for Taiwanese Retirees 2026 — Gleneagles, Loh Guan Lye, Island Hospital and Why Walking Distance Beats a Bigger Unit
- 11 Gurney Drive Penang Review 2026 — 59-Unit Boutique Freehold, Honest Read
- Can an Indonesian Buy Property in Penang? Rules, Minimum Price and Total Cost (2026)
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a 1 Persiaran Gurney (PG1) subsale (vs a new launch elsewhere)
Immediate occupancy
Move in within months, not years. Most resales complete in four to six months, a little longer if you need state consent as a foreign buyer.
Verified surroundings
Gurney Drive's noise levels, traffic, neighbour mix, and JMC quality are known quantities at 1 Persiaran Gurney (PG1).
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How 1 Persiaran Gurney (PG1) is priced within Gurney Drive
At roughly RM887 psf, 1 Persiaran Gurney (PG1) sits toward the value end of Gurney Drive's condo band (RM660–1870 psf). That usually reflects building age, floor level, or distance from the area's prime frontage — worth checking which, because the first two are negotiable and the third is not.
vs NAPIC median
-9%
Area median RM980 psf (all residential)
Building age
38 years
Completed 1988
PSF bands are area-level indicative ranges from our own tracking, cross-checked against NAPIC/JPPH and Brickz transaction data — see the Penang Price Index. Unit-level pricing varies with floor, view and renovation; ask Zac for the actual transacted comparables in this building.
What to inspect before you commit at 1 Persiaran Gurney (PG1)
- 1.Internal pipes and electrical — For buildings past the ten-year mark, ask for a recent plumbing inspection. Full repiping is a five-figure cost you do not want to discover after VP.
- 2.Waterproofing and ceiling stains — Check bathroom floors, balcony thresholds and the ceiling directly under any upstairs wet area. Old stains that were painted over will reappear.
- 3.Lift modernisation status — Lifts have a service life. Ask whether modernisation has been done or is being planned — it is one of the largest special assessments a JMB can raise.
- 4.Original vs renovated layout — Confirm any structural alteration by a previous owner was approved. Unapproved hacking can complicate financing and your own future resale.
- 5.Actual unit orientation — Visit at the time of day you would normally be home. Afternoon west sun in Penang changes both comfort and your electricity bill.
1 Persiaran Gurney (PG1) price 2026
What 1 Persiaran Gurney (PG1) trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM1.4M – RM2.5M |
| Built-up | 1,579 – 4,209 sqft |
| Completed | 1988 |
| Units | 198 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 listings about RM1.4M–2.5M (re-verified 12 Oct 2026). Layouts run from about 1,579 to 4,209 sqft, so compare per foot, not per unit.
The building is 38 years old. At this age the questions are the sinking fund, whether the management corporation has done a major refurbishment, and how much lift and waterproofing work is still ahead. Ask for two years of MC accounts before you offer.
A foreign buyer can purchase here — the RM1M minimum is cleared. Add the state levy, a flat 8% stamp duty and 3–4 months for state consent.
Selling rather than buying? The RPGT rates and the 21B retention decide what you keep — and if you are near the five-to-six-year line, the date matters more than the price.
1 Persiaran Gurney (PG1) for sale & for rent
Asking rents at 1 Persiaran Gurney (PG1) ran from about RM2,600–3,500 a month in September–October 2026, for three- and four-bedroom homes. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
1 Persiaran Gurney (PG1) key facts
- Area
- Gurney Drive, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 1988
- Total units
- 198
- Price from
- RM 1.40M
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 1.3M – RM 3.5M
asking prices in area
Active projects
1
selling or under construction
Subsale condos
7
completed projects
Total tracked
9
properties in this area
Other projects in Gurney Drive
All 8 others we track here, cheapest first — 1 of them still selling.
- Sunrise @ GurneyRM1.25M
- Setia V ResidencesRM1.58M
- Marriott ResidencesRM1.6M
- Silverton CondominiumRM2.25M
- W Residence Gurney BayRM2.37M
- 11 Gurney DriveRM2.7M
- Gurney ParagonRM2.85M
- 8 Gurney (The Shore)RM3.48M
1 Persiaran Gurney (PG1) subsale — common questions
What is the price of 1 Persiaran Gurney (PG1)?
2026 listings about RM1.4M–2.5M (re-verified 12 Oct 2026). Layouts run from about 1,579 to 4,209 sqft, so compare per foot, not per unit.
Is 1 Persiaran Gurney (PG1) freehold or leasehold?
1 Persiaran Gurney (PG1) is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at 1 Persiaran Gurney (PG1)?
Yes. Penang Island sets a RM1,000,000 minimum for foreign buyers of strata property. Add the state levy, a flat 8% stamp duty, and 3–4 months for state consent.
How much is the rent at 1 Persiaran Gurney (PG1)?
Asking rents ran from RM2,600 to RM3,500 a month in September–October 2026, for three- and four-bedroom homes. These are asking rents on the main property portals, not signed leases. Short-term holiday letting isn't allowed in condos on Penang Island, so think in one- or two-year tenancies.
When was 1 Persiaran Gurney (PG1) completed?
1 Persiaran Gurney (PG1) was completed in 1988, so homes here are bought from existing owners.
How big are the homes at 1 Persiaran Gurney (PG1)?
Homes range from about 1,579 to 4,209 sq ft. There are 198 homes in total.
Is it worth buying an older building like PG1?
You are buying a prime freehold Gurney position and large layouts at a lower psf than new towers. The trade-off is building age — verify the sinking fund, maintenance and any planned major works first. Zac can help review.
More on the neighbourhood:
Gurney Drive area guide — schools, transport, PSF, lifestyle scorecard →Substitutes worth comparing
Open full comparison →Same area family, same property type, similar price band — what most buyers actually cross-shop.