Timur Laut, Penang · Freehold · 9 transactions
Median Price
RM3.80M
RM3.60M – RM4.15M
Median PSF
RM896
RM849 – RM979
Transactions
9
2022-01 to 2024-10
Size Range
3498 – 4295
sq.ft (built-up)
Data-driven insights for 11. GURNEY DRIVE
Earliest PSF (2022)
RM843
Current PSF (2024)
RM979
Capital Gain
+16.0%
Total Return (est.)
12.0% p.a.
| Capital appreciation (2 years) | +16.0% |
| Annualised capital return | +8.0% p.a. |
| Est. gross rental yield | 4.0% p.a. |
| Est. total return (capital + rental) | 12.0% p.a. |
| vs Fixed Deposit (3.5% p.a. x 2yr) | +17.0% |
*Based on earliest recorded transaction (2022). Actual launch price may differ. Rental yield estimated from Penang district averages.
| Size | Transactions | Median Price | Median PSF |
|---|---|---|---|
| 3,500 sqft | 2 | RM2.95M | RM843 |
| 4,250 sqft | 6 | RM4.15M | RM979 |
PSF Trend: Appreciating
PSF moved from RM843 (2022) to RM979 (2024)
Liquidity: Low
9 transactions over 2 years (~5/year)
95% above Timur Laut average
This project: RM896 PSF vs Timur Laut median: RM459 PSF
Est. Total Return: 12.0% p.a. (beats FD)
Capital gain (8.0% p.a.) + rental yield (~4% p.a.)
11. GURNEY DRIVE delivers a strong estimated total return of 12.0% p.a. — comprising +8.0% capital appreciation and ~4% rental yield over 2 years. This outperforms fixed deposits (3.5% p.a.) when rental income is factored in. PSF trades at a significant 95% premium over the Timur Laut average — upside may be limited unless the area appreciates. Best suited for capital gain seekers, long-term holders.
Investment return & market verdict
ROI since launch, unit mix, rental yield, area comparison
| Date | Type | Tenure | Size (sqft) | PSF | Price |
|---|---|---|---|---|---|
| Oct 2024 | Condominium/Apartment | Freehold | 4,241 | RM979 | RM4.15M |
| Sept 2024 | Condominium/Apartment | Freehold | 4,241 | RM990 | RM4.20M |
| Aug 2024 | Condominium/Apartment | Freehold | 3,498 | RM829 | RM2.90M |
| Jul 2024 | Condominium/Apartment | Freehold | 4,241 | RM896 | RM3.80M |
| Jun 2024 | Condominium/Apartment | Freehold | 4,241 | RM896 | RM3.80M |
4 more transactions hidden
Complete NAPIC transaction data with trend analysis — RM69.90 per report
Investment ROI
Capital gain + rental yield since launch
Market verdict
Trend, liquidity, and area comparison
Unit mix breakdown
Price & PSF by unit size
All transactions
Full table of 9 records
3 interactive charts
Scatter, price & PSF vs Timur Laut & Penang
Percentile breakdown
25th, 50th, 75th price & PSF
Instant access. No subscription.