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The changing face of Gurney Drive

By ARNOLD LOH

Nation
Monday, 25 Jul 2022

The last four ‘sea-facing’ bungalows on Penang’s nostalgic strip in Gurney Drive are gone – sold for over RM20mil to Hong Kongers. While there are no known plans yet over the fate of the land, its yield may go up to over RM130mil in the future.

GEORGE TOWN: One of Malaysia’s most high-end neighbourhoods, Gurney Drive, has proven it is real estate gold after Hong Kong investors snapped up four bungalows in the area for over RM20mil.

The bungalows are the “last stretch” of old properties along Gurney Drive, which has been named in international publications as one of the best places to check out for culinary delights.

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HSI-PWD1	0.205	0.220	0.190	0.205	0.010	5.13	1,282,318
HSI-CWCY	0.125	0.125	0.100	0.115	-0.030	-20.69	1,238,966
HSI-CWEJ	0.140	0.140	0.120	0.135	-0.015	-10.00	1,116,045
VELOCITY	0.095	0.105	0.075	0.085	-0.005	-5.56	853,444
HSI-PWFR	0.185	0.195	0.175	0.185	0.010	5.71	800,276
HSI-PWD6	0.170	0.170	0.150	0.170	0.020	13.33	780,949
HSI-CWCM	0.095	0.115	0.080	0.095	-0.035	-26.92	573,641
T7GLOBAL	0.410	0.440	0.315	0.320	-0.180	-36.00	560,084
TAWIN	0.030	0.030	0.020	0.025	-0.005	-16.67	549,185
HSI-CWEO	0.110	0.125	0.105	0.115	-0.020	-14.81	503,004
HSI-PWFJ	0.210	0.215	0.200	0.205	0.005	2.50	365,710
PBBANK	4.440	4.450	4.360	4.390	-0.030	-0.68	327,063
INSAS-WC	0.045	0.060	0.045	0.060	0.015	33.33	289,856
HSTECH-H17	0.075	0.075	0.065	0.070	0.000	0.00	240,005
CIMB	6.990	7.160	6.970	7.140	0.140	2.00	235,916

The changing face of Gurney Drive