Rising proudly in one of Penang’s premier tourist hotspots and prestigious promenades, Gurney Paragon in Gurney Drive is a sight to behold. Comprised of two towering gorgeous blocks, the freehold condominium is only the first phase of the integrated mixed development. Master planned by Hunza Properties Berhad, the ongoing 10.21-acre project is a recent addition to the developer’s steadily growing portfolio. Alongside Infinity, Greenlane Heights and Marina Bay among other Hunza developments, Gurney Paragon is a testament to the brand’s integrity and prowess in the real estate scene.
Ultra Spacious & Upscale Choices
Situated along Persiaran Gurney and completed in 2010, Gurney Paragon offers a total of 264 units housed within two 43-storey blocks – the East Tower and the West Tower. Following a more low-density setting, the East Tower only has 73 units ith 2 suites per floor. The rest (191) are spread across the West Tower with 4 units per level.
Created for the elite, affluent and the privileged few, the development has different layout designs to choose from. The West Tower includes Types A, B, C and D including penthouse units in the top floors. East Tower, on one hand, has Types A and B plus sky lounges or duplexes and penthouse units. Built-up sizes vary from a spacious 2,810 sq.ft. to a massive 10,442 sq.ft. When it was launch, price was set from a whopping RM1.6 million and RM1.4 million for East and West towers respectively. Rental rate was set between RM7,000 and RM16,000.
Steep rates for both the launch price and rental, but considering the location and imposing sizes of Gurney Paragon units, the tag makes sense. To check, however, if the price range falls under the development’s fair market value, you can use our free price valuation guide right here.
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Complementing the development’s modern sophistication and elite status are numerous facilities. Catering to your every need, whip and demands are features such as:
> infinity pool
> exercise deck
> yoga and aerobic area
> function hall and meeting room
> driver’s room
> barbecue area
> business centre
> children’s pool and play room
At the front desk is a welcoming reception while securing the place is a multi-tiered security system.
A Prestigious Promenade & Address
The finest of modern comfort doesn’t stop within the development. Step outside and you’re treated to the collection of upscale amenities in the area. Within the vicinity are worldclass restaurants, cafes, shopping complexes, medical facilities even schools and a ton of commercial establishments.
As part of an integrated development, Gurney Paragon will be sitting next to a lifestyle mall which is Phase 2 of the project. That means a host conveniences right outside your doorstep.
Though traffic can be pretty heavy in Gurney Drive, the promenade remains a top destination in Penang due to the affluence, excitement and vibrancy it exudes. It is easily accessible via major routes including Persiaran Gurney, Burma Road and Bagan Jermal Road to name a few.
What We Think
Location-wise, there’s no question that Gurney Paragon is situated strategically appealing to discerning investors and buyers looking to experience the vibe of Gurney Drive. It neighbours other high-rise and elite developments such as Gurney Beach Resort, 11 Gurney Drive and Sri Pangkor Condominium. That implies stiff competition but also high potential for appreciation and returns.
The prestigious promenade continue to draw both locals and international investors keeping things exciting for Gurney Drive’s real estate. But with its continued growth is the ever increasing population density which result to traffic, congestion and hustles. These minor drawbacks are something that you just need to deal with in exchange for the enviable address.
To know more about Gurney Paragon, particularly about its fair market value, grab our free ebook guide below.