Gurney Drive · George Town, Penang
Penang’s Tallest FreeholdSeafront Tower
Direct to the sales team on WhatsApp — no obligation, quick reply.
Price guidance
What the range looks like by bedroom count
- From RM2.2m
- 1,033 – 1,442 sq ftTwo-bedroom layouts — the entry point into the tower.
- From RM3.5m
- 1,647 – 2,217 sq ftThree-bedroom units through the mid and upper floors.
- From RM5m
- 2,906 – 3,670 sq ftFour-bedroom and penthouse units at the top of the tower.
These are indicative bands drawn from developer material, not firm prices. The actual figure depends on level, facing and unit, and is released as a written price list to genuine buyers. Ask and it comes back the same day.
Foreign buyers
Can a foreigner buy here? Yes.
Penang sets a minimum purchase price for foreign buyers, and every unit in this project sits above that threshold. Here are the three steps you will actually walk through.
Price threshold
Penang prescribes a minimum purchase price for foreign buyers. Every unit in this project is priced above that threshold, so eligibility is not an obstacle. The exact figure is published by the state government and is subject to revision — confirm the latest number before signing.
State government approval
Foreign purchasers in Penang require state consent. This is a standard procedure, submitted by your solicitor after the sale and purchase agreement is signed. Processing time depends on the state government at the time — it is not a case-by-case decision on whether to approve.
Financing and funds
Foreign buyers can generally apply for a Malaysian mortgage; the loan quantum and terms are assessed individually by the bank. Remittance of funds in and out of Malaysia is subject to exchange control regulations, and your solicitor and bank will handle the arrangements.
The above is a general explanation, not legal advice. The threshold amount and approval process are set by the Penang state government and are revised from time to time, so this page does not quote specific figures. Ask us for the current written numbers before you commit, and confirm them with your own solicitor.
Ask about the foreign buyer processThe story
The next landmark on Gurney Drive
A freehold address on the most sought-after stretch of coast in Penang — built for buyers who want brand-backed service and lasting value.
A luxury branded-residence development by Macrovest Sdn. Bhd. (VST Group), rising along the iconic Gurney Drive seafront. Set opposite Gurney Plaza and fronting the new Gurney Bay park, its 69-storey tower is poised to be Penang’s tallest — 498 exclusive residences alongside a 28-storey international five-star hotel.
Residents enjoy five-star hotel service, sea and city views, built-ups from 1,033 – 3,670 sq ft, and a premium furnishing package. Freehold, waterfront, and minutes from Gurney Paragon, international schools, and Gleneagles Penang — with completion expected in 2030.
Ask for the current unit list & pricing →Buyer question
How does it compare to the completed residences next door?
Four luxury addresses on one stretch of seafront. Three are complete and transacting; one is launching.
Marriott Residences
Price per sq ft
RM2,112 median
16 transactions, Oct 2024 – Sep 2025; median price RM1.85m
- Status
- Completed 2023, opened 2024
- Scale
- 302 units · hotel-integrated
- Price
- RM1.6m – 7m asking
This project
Price per sq ft
~RM1,650 – 2,130
Derived from the published RM2.2m – RM6.04m range across the four built-up sizes
- Status
- Expected 2030
- Scale
- 498 units · 69 storeys · 9 per floor
- Price
- From RM2.2m
Why this address
What the address actually gives you
Set to be Penang's tallest
A 69-storey freehold landmark on the Gurney Drive seafront, overlooking Gurney Bay.
Internationally branded living
Concierge and day-to-day hospitality run by the adjoining international operator.
Exclusive
Just 498 homes in the whole tower, nine to a floor, served by 12 high-speed lifts, with 2 car bays each.
Premium furnishing
Ducted air-con, fully equipped kitchen, timber flooring, and a digital lockset.
For scale
69 storeys above Gurney Bay
Set to be northern Malaysia's tallest residential tower, with just nine residences to a floor.
The essentials
Project details
The headline figures, then the full specification at a glance.
- DeveloperMacrovest Sdn. Bhd. (VST Group) · International five-star hotel branding
- LocationGurney Drive, opposite Gurney Plaza · George Town, Penang
- Bedrooms2 – 4 bedrooms
- Bathrooms2 – 5 bathrooms
- Built-up size1,033 – 3,670 sq ft
- TenureFreehold (Residential Title)
- Car parks2 bays per unit
- Price rangeRM2.2m – RM6.04m (by unit type)
Sixty-nine storeys above Gurney Bay.
Nine homes to a floor.
Show unit photography. Finishes vary by unit type.
Layouts
Floor plans
From the 1,033 sq ft two-bedroom to the 3,670 sq ft four-bedroom. Tap any plan to enlarge.
Typical floor layout · whole-floor stacking plan
Floor plans are indicative and not to scale — message us for the full plan pack and stack chart.
Inside the residences
Showroom gallery
Step inside the show suite. Tap any photo to enlarge.
Photography of the actual show unit. Finishes and furnishings are for illustration; fittings vary by unit type.
The film
Watch the project film
A cinematic flight over Gurney Bay and the tower rising above the skyline.
Developer's marketing film. Visuals are artist's impressions, shown for illustration only.
Getting around
Location & connectivity
Walk to Gurney Plaza and Gurney Bay park; minutes to Gleneagles Penang, international schools, and George Town.
Getting around
- Gurney PlazaOpposite · walk
- Lim Chong Eu Expressway5–10 min
- Komtar & George Town10–15 min
- Penang Bridge15–20 min
- Penang Int'l Airport (PEN)18–25 min
Everyday essentials
- Gurney Bay seafront parkWalkable
- Gurney Paragon MallWalkable
- Gleneagles Hospital3–5 min
- Island Hospital<10 min
- Straits Quay marina10–15 min
- Dalat International School~20 min
Attractions & leisure
- Gurney Drive Hawker CentreWalkable
- George Town UNESCO core10–15 min
- Penang Botanic Gardens10–15 min
- Penang Hill (Bukit Bendera)20–25 min
Good to know
Frequently asked questions
Quick answers to the questions buyers ask most. For the current unit list and pricing, message the sales team on WhatsApp.
How much does a home here cost?+
What is the price per square foot?+
How does that compare with the completed towers on the same road?+
What sizes and layouts are available?+
The harder questions
Three things worth asking before you spend RM2 million on Gurney Drive
The specification answers what the building is. These are the questions that decide whether it is right for you — answered including the part that does not help us.
Why is it priced above most other launches in Penang right now?
You are paying for three things that rarely come together on the island: a freehold seafront address on Gurney Drive itself, an adjoining international five-star hotel that underwrites the common facilities and lobby standard, and a 69-storey format that puts the upper floors genuinely above the tree line and most of the surrounding stock. The psf at launch sits within the range already transacted for completed branded product on this road, not above it — the difference is that you are buying before completion rather than after.
The catch
It is still a premium, and premiums do not always hold. If the market corrects or the branded residences category softens, you are exposed at a higher entry cost per square foot than a comparable unbranded tower would ask. The price reflects what the developer believes the address and the hotel affiliation are worth — whether the resale market agrees is something you will find out in 2030, not today.
Completion is 2030 — what am I buying into for four years?
You are locking in today's launch price for a home delivered roughly four years from now, paying progressively as construction reaches each stage rather than all at once. In the interim you carry no maintenance fees, no quit rent, no assessment — and no rental income either. A 69-storey tower with a hotel component is a longer build than a 30-storey residential block, and the timeline reflects that.
The catch
Four years is enough time for interest rates, exchange rates and the Penang market to move in a direction that does not help you, and construction timelines do slip. Your SPA sets the contractual completion date and the liquidated damages if it is missed. Read that clause with your own solicitor — a date on a marketing page, including this one, is not the document you are buying against.
Gurney Drive already has Marriott, Andaman and Paragon — how much supply is too much?
The existing stock is the evidence, not the risk. Marriott Residences, the completed branded product on this stretch, has transacted at roughly double the psf of the completed unbranded stock next door, and continues to move. That tells you the road sustains a branded premium at resale, not just at launch. This project enters at a comparable psf to Marriott rather than above it, with a newer build and a different hotel operator, and it adds 498 units to a road that currently has fewer than a thousand branded residences.
The catch
More supply on the same road means more competition when you sell. If three branded residences are already on Gurney Drive, a fourth does not automatically inherit the same scarcity value — it dilutes it. Whether 498 additional units are absorbed comfortably depends on demand that has not arrived yet, and no projection on this page or any other can tell you what that demand will be in 2030.
What happens next
Four steps, no obligation at any of them
You message
One WhatsApp message. No form, no mailing list, and nothing on this site is stored.
We send the current list
The units still available, pricing by type, and the full floor-plan pack — usually the same day.
A private viewing
At the sales gallery, by appointment. We confirm beforehand what is actually built out to walk through.
Booking, then your solicitor
A booking form and deposit reserve a specific unit. The sale and purchase agreement follows, and your own solicitor takes it from there.
Speak to the sales team
Start with the current unit list
Message us on WhatsApp for the current unit list, pricing by type, and the full floor-plan pack — we’ll confirm what’s available today.
Replies from the sales team, usually within a few hours. No obligation.
- AdvisorKelvin
- Call+60 13-614 1314
- LocationGurney Drive, George Town, Penang, Malaysia