Gurney Drive · Subsale Market
Silverton Condominium 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.
Silverton Condominium is a completed freehold condominium in Gurney Drive, Penang, completed in 1997 by Silverton Sdn. Bhd.. It has 70 units. Subsale asking prices currently run about RM400–700 per sq ft (from roughly RM 2.25M).
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 | 4,120–12,370 | RM2.25M | RM400 |
Zac’s Take
Zac Ong
Silverton Condominium is a freehold tower on Persiaran Gurney, completed 1997: about 70 homes on 36 floors, two per floor, so every home is a corner unit. Standard units are about 4,123 and 4,230 sq ft with five bedrooms, and there is a penthouse of about 12,370 sq ft.
My 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. Budget for renovation and check the management accounts before you offer.
Reviews and comparisons
Available Listings
No listings currently on file. Zac may have off-market units available.
Ask Zac about availabilityWhy buy a Silverton Condominium 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 Silverton Condominium.
Established maintenance
The building has a track record. Ask for the management accounts, sinking fund balance and recent meeting minutes before you commit.
How Silverton Condominium is priced within Gurney Drive
At roughly RM400 psf, Silverton Condominium 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
-59%
Area median RM980 psf (all residential)
Building age
29 years
Completed 1997
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.
5 things to check before signing the Silverton Condominium SPA
- 1.Sinking fund health — Confirm the current balance and whether any special assessment is pending in the next 12 months. A thin sinking fund on an ageing building means you inherit the bill.
- 2.Last 3 maintenance billings — Verify payment is up to date and no dues are outstanding from the seller — arrears transfer with the unit, not the person.
- 3.JMC minutes (last 12 months) — Look for recurring complaints, structural concerns, or planned major works. This is the single most revealing document most buyers never ask for.
- 4.Common-area condition — Physically walk the pool deck, lifts, lobbies, gym and parking ramps. Photograph anything concerning — it is negotiation leverage.
- 5.Management track record — Ask who manages the building and how long they have held the contract. Frequent turnover of managing agents usually signals a difficult JMB.
Silverton Condominium price 2026
What Silverton Condominium trades at on the sub-sale market, last checked 2026-10-12.
| Asking from | RM2.25M – RM5M |
| PSF | RM400 – 700 |
| Built-up | 4,120 – 12,370 sqft |
| Completed | 1997 |
| Units | 70 |
Verified sub-sale asking prices. Asking is not transacted — expect movement between the two.
Recent prices. 2026 asking about RM2.25M for standard 4,123–4,230 sq ft units, up to about RM5M at the top of the range. StarProperty records 2013–2016 transactions at RM2.18M–2.6M.
The building is 29 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.
Silverton Condominium for sale & for rent
Asking rents at Silverton Condominium ran from about RM6,500–8,000 a month in September–October 2026, for furnished homes of about 4,000–4,400 sq ft. Rents depend on the floor, view and furnishing, so message Zac for what is actually available to buy or rent today.
Silverton Condominium key facts
- Developer
- Silverton Sdn. Bhd.
- Area
- Gurney Drive, Penang
- Type
- condominium
- Tenure
- freehold · residential
- Completed
- 1997
- Total units
- 70
- Asking PSF
- RM400–700
- Price from
- RM 2.25M
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
- 1 Persiaran Gurney (PG1)RM1.4M
- Setia V ResidencesRM1.58M
- Marriott ResidencesRM1.6M
- W Residence Gurney BayRM2.37M
- 11 Gurney DriveRM2.7M
- Gurney ParagonRM2.85M
- 8 Gurney (The Shore)RM3.48M
Silverton Condominium subsale — common questions
What is the price of Silverton Condominium?
2026 asking about RM2.25M for standard 4,123–4,230 sq ft units, up to about RM5M at the top of the range. StarProperty records 2013–2016 transactions at RM2.18M–2.6M.
Is Silverton Condominium freehold or leasehold?
Silverton Condominium is freehold, on a residential title. Those are two separate facts and only the first usually appears in marketing.
Can a foreigner buy at Silverton Condominium?
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 Silverton Condominium?
Asking rents ran from RM6,500 to RM8,000 a month in September–October 2026, for furnished homes of about 4,000–4,400 sq ft. 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 Silverton Condominium completed?
Silverton Condominium was completed in 1997 by Silverton Sdn. Bhd., so homes here are bought from existing owners.
How big are the homes at Silverton Condominium?
Homes range from about 4,120 to 12,370 sq ft. There are 70 homes in total.
How large are Silverton units?
Silverton is exceptional on unit size — layouts run 4,120 to 12,370 sqft. The smallest unit is already family-scale by Penang strata standards; the largest 12,370 sqft duplex/penthouse layouts are bungalow-scale interior on a strata title. This size band essentially doesn't exist elsewhere in Penang's freehold condo market.
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.