Independent comparison
Gurney Drive branded residences, compared
Four luxury addresses on one stretch of Penang seafront. Three are complete and transacting; one is launching. What the market actually pays for each.
Competitor figures last verified
The four addresses
This project
New launch
- Status
- Expected 2030
- Developer
- Macrovest Sdn. Bhd. (VST Group)
- Scale
- 498 units · 69 storeys · 9 per floor
- Tenure
- Freehold
- Built-up
- 1,033 – 3,670 sq ft
- Price per sq ft
- ~RM1,650 – 2,130
- Price
- From RM2.2m
Derived from the published RM2.2m – RM6.04m range across the four built-up sizes
Marriott Residences
Completed · branded
- Status
- Completed 2023, opened 2024
- Developer
- BSG Property (Taman Sri Bunga Sdn Bhd)
- Scale
- 302 units · hotel-integrated
- Tenure
- Freehold
- Built-up
- ~957 – 3,000+ sq ft
- Price per sq ft
- RM2,112 median
- Price
- RM1.6m – 7m asking
16 transactions, Oct 2024 – Sep 2025; median price RM1.85m
Gurney Paragon Residences
Completed · unbranded
- Status
- Completed 2012
- Developer
- Hunza Properties Berhad
- Scale
- 264 units · 43 storeys
- Tenure
- Freehold
- Built-up
- 2,810 – 4,629 sq ft
- Price per sq ft
- ~RM1,115 median
- Price
- RM1.84m – 7.5m asking
Median over the last twelve months; listing range RM714 – 1,364
8 Gurney (The Shore)
Completed · large format
- Status
- Completed 2013
- Developer
- Pulau Ceria (CA+ Associates Group)
- Scale
- 90 units
- Tenure
- Freehold
- Built-up
- Very large format
- Price per sq ft
- ~RM589
- Price
- Median RM4.83m transacted
Median across 2 transactions, May 2024 – Mar 2025; listing range RM501 – 916
Head to head with the closest comparable
Marriott Residences is the truest like-for-like: same seafront, same freehold tenure, same internationally branded proposition, and a secondary market deep enough to price honestly.
| Marriott ResidencesCompleted · branded | This projectNew launch | |
|---|---|---|
| Status | Completed 2023, opened 2024 — first Marriott Residences in Southeast Asia | Under construction · completion expected 2030 |
| Developer | BSG Property (Taman Sri Bunga Sdn Bhd) | Macrovest Sdn. Bhd. (VST Group) |
| Scale | 302 units, hotel-integrated | 69 storeys — set to be Penang's tallest · 498 units · 9 per floor · 12 lifts |
| Tenure | Freehold | Freehold |
| Built-up | ~957 – 3,000+ sq ft | 1,033 – 3,670 sq ft (Types C / B / A / D) |
| Price | Asking RM1.6m – 7m · transacted median RM2,112 psf (16 transactions, Oct 2024 – Sep 2025; median RM1.85m) | From RM2.2m, to RM6.04m by type |
| Seafront | Gurney Drive frontage | Fronting the new Gurney Bay park |
| Parking | — | 2 bays per unit |
| Market signal | 118 sale / 166 rental listings — liquid secondary market | Launch inventory, direct from developer |
What the numbers say
The completed branded comparable on the same seafront transacts at a median of RM2,112 psf, against roughly RM1,115 for the completed unbranded stock next to it. This tower launches at an implied RM1,650 – 2,130 psf — inside the branded band, not above it, with the build period still ahead of it.
Reading the comparison
Asking prices tell you what sellers hope for. Transacted prices tell you what buyers actually paid. Where both exist below, the transacted figure is the one to trust — and the sample size behind it is printed alongside, because a median drawn from two sales is not the same evidence as one drawn from sixteen.
Read down the psf row and the pattern is hard to miss. The completed unbranded stock on this road — Gurney Paragon, finished in 2012 — sits near RM1,115. The completed branded product, opened in 2024, roughly doubles that at RM2,112. That gap is the branded premium, priced by the market rather than argued by a brochure.
8 Gurney is the outlier and worth understanding rather than dismissing. Its psf looks low because its units are enormous; buyers there are paying for absolute space in a 2013 building, not for hotel service. It is a different product answering a different question.
Against that, this project’s implied RM1,650 – 2,130 psf lands inside the branded band rather than above it. The differences that remain are structural, not financial: the completed buildings can be walked through tomorrow, while this is a 69-storey tower with a build period ahead of it and a lower nine-per-floor density. Which matters more depends on whether you are buying to occupy now or to hold.
This is an independent marketing page. It is not affiliated with, endorsed by, or the official site of Marriott International, Hunza Properties, BSG Property or any developer named here. Project names are used for factual identification only. Competitor figures are compiled from public listing and transaction data and may lag the market; verify all figures with the sales team before any decision.