Rising as a one-block condominium tower in beautiful Penang Island is Gurney Palace. Situated in Georgetown’s sought-after promenade, that is Gurney Drive, the luxury condominium project is a sight to behold neighbouring MBF Tower, Mansion One and 8 Gurney. It is towering in its height that reaches 29 storeys and pristine in its façade looking like a slim skyscraper palace. The project was completed way back in 2004 with Pen Properties at its helms.
The Luxury of Maximum Privacy
Housed within Gurney Palace’s one tower are 28 exclusive and limited condominium units. That’s one unit per level giving its residents the perfect setting for an ideally private and luxurious lifestyle. The ground level is reserved for its equally grand lobby welcoming its upperclass dwellers with apt sophistication. Each unit boasts generous built-ups starting from 4,000 to 4,400 sq.ft. offering the luxury of space to match the affluent lifestyle.
Targeted at high earning senior executives, retired couples, expatriates and elite foreign investors, Gurney Palace’s cost is steep. Subsale price tags fall somewhere from RM2.5 million to as much as RM4 million. Renting is also possible at a rate starting from RM7,000 to RM10,000. To check if the prices are in sync with the location’s standards, you may use our free valuation guide right here.
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A Secure and Comfortable Haven
Complementing Gurney Palace’s sophistication are cutting edge facilities starting with covered parking up to 24 hour security and some recreational features. All 28 units come with 2 parking lots and the living environment is secured with round the clock system. Upping its safety level are CCTV surveillance and intercom linked to the guard house.
If leisure, relaxation, fitness or some socializing is what you need then Gurney Palace’s other facilities should serve you well. Included in its in-house collection are the following:
> swimming pool
> children’s swimming pool
> landscape garden
> community hall
At the Heart of Conveniences
Strategically located at the heart of Gurney Drive, the ever popular tourist spot in Georgetown, Gurney Palace is practically a doorstep away from conveniences. Within the area is a stretch of seafood restaurants catering to regular good food cravings. Also incredibly close to the property is the Batu Ferringhi beach which usually takes about 15 minutes to get by car. Other amenities in the vicinity are shopping malls, medical centres, places of worship and more restaurants as well as commercial establishments.
Within a 2-km radius are ample schools including Disted-Stamford College, Adventist College of Nursing and SMK Convent Pulau.
Providing direct access to Gurney
Palace is Jalan Concordia. The same road artery leads other key places in Georgetown. If you’re planning to leave the island, the iconic Penang Bridge is a gateway towards other destinations as well as the Penang International Airport for international travels.
Dubbed as a favorite residence by the privileged few, Gurney Palace offers maximum privacy with its low density setting. Imagine having the entire floor just for yourself and your family. Residents are indulged with the luxury of space and a coveted peaceful environment in bustling Gurney Drive area. There’s also no need to leave the comforts of home with ample facilities to enjoy within the development. Step right outside and treat yourself to some of the area’s famous restaurants and delicacies. It’s modern convenience at its best while still keeping your privacy intact.
But as might have guessed, Gurney Palace also has its drawbacks. Location-wise, the development is strategically sited but it can be a drawback at the same time given Gurney Drive’s increasing problem with traffic congestion. As the vicinity becomes denser, capital appreciation for properties is more likely but traffic worsens as a consequence.
In the end, Gurney Palace’s viability as a property investment will boil down to its fair market value. To help you gauge it for said property, grab our ebook guide below. Don’t worry, it’s completely free to download.