Gurney Paragon Residences is strategically located in one of the most prestigious and established addresses along Penang's renowned promenade - the Gurney Drive.
Gurney Paragon Residences comprises 2 blocks of high-end condominiums with a total of 264 units. The built-up size ranging from 2,810 to 4,629 sq.ft. for standard units and 5,404 sq.ft. to 10.442 sq.ft. for duplex and penthouse units.
Property Project : Gurney Paragon Residences
Location : Gurney Drive, Penang
Property Type : Condominium
Tenure : Freehold
No. of Blocks : 2
Total Units : 73 (East Tower), 191 (West Tower)
Units per Floor : 2 (East Tower), 4 (West Tower)
Built-up Area : approx. 2,810 - 4,629 sq.ft.
Developer : Hunza Properties
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103 comments
anyone aware of the price ?
The last I heard is RM2mil and above. RM500SQF.
what is tthe lot size and the corresponding prices?
Nowdays price for houses really2 expensive.. 10years back RM200k ppl said very expensive but now RM2m++ really crazy price.. but still got ppl can effort.. Where the money come from;p hehe
Money grows like plants. If you can care and nurture them well they will grow overtime. The greener the leafs the faster and bigger they will grow. Be more conservative in material wants and seek for opportunity to grow.
that's why they come up with different kinds of investment and saving plans. :-D
The super condo bubbles in Penang will burst soon.
It is not IF but WHEN!
i rmb when i visit their office in 2008.. was selling at 1mil onwards. now i heard was selling at 3mil .. my god! what a great investment i have seen .. its even better than putting ur money into te share investment or any of the investment available .. to be frank, i dunt really like the quality itself .. not comparing with Spore property giving a full package with extremely great quality.. lets compare with The Cove in Penang. Same location with Paragon, its selling only at below 1 mil for 6000 sqf! Gosh! I heard that CA. Goh having another proj in june only selling for 250 per sf for 11,000 sdft unit .. interesting!
Penang property will correct by 50%. Artificially pushed up. No rally will like this, we are in a depression. Look at what happen to usa, europe, Korea n japan. we cannot be fool to buy so high.
Hi Learn & Trade,
I totally agreed with your view on this type of development. Don't be fool by the looks of the development, let's see what is inside and surrounding.
I have a famous female agent told me that super condo is not worth buying becuase of its value and high rental whereby Penang market does not sustain such pricing.
Unlike in KLCC areas whereby many expatriate and foreigner as well as local can push up the price, but not in Penang.
Hi Joaanna,
Who is your famous agent lady name?
Hi. We would like to invest in a property in penang. We would like to seek advice from your famous lady agent . Maybe she can give us honest advice.Thanks
Hi Ameer,
You don't have to know her name ok.
Hi Property,
The honest advise is to buy those property that is around 1,200 sq ft to 1,700 sq ft property on the Penang Island.
The famous lady also told me that ever since the economy slow down many such high-end super condo like the Gurney Paragon is being badly hit and the sales is either being cancelled or put out i.e. Bayu Ferringhi, Platino, Fettes Residents & HR.
It is because many intented buyer from Korea, Japan and European are smarter now but the Hong Kong guys is still dump dump in buying Paragon.
Dear all,
You all can check around in the Penang market that The Cove sub-sales selling price has dropped from a high time of RM2.7 million to only now around RM1.7million.
The only still good and excellent super condo investment is The Spring Tide, the price is still going strong at RM600 psf.
So if you are keen to invest a super condo, consider la such property.
And also pls look behind the property developer background first before you part your money. Don't be fool by the good external looks or PR exercise by the developer in Penang.
why is Penang property so badly designed? yet cost so damn high??? sea view and all that aside..the design and outlook is not sophisticated enough to charge such an amount...if were to charge a million above please kindly consult a world famous architect and interior designer
Art of
This is economics. Penang Island is an island after all. The land for development is finite. Unlike Butterworth....
Citysleeker is right. ISLAND is always an island. What to do people just love to be near to sea. When we said it is expensive in Ringgit in other currency it is no longer expensive. Anyway someone did code "is not how much you are holding is in what currency you are holding".
Angeline
CIMB
Angeline -
What kind of loan rates does CIMB offr these days? Any special promotion?
CS
CIMB offers flexibillity to customer who apply for flexiloan package. It is like taking OD yet enjoying HL rate. Recently I myself bought a property and was attracted to other banks' loan rate therefore try applying from them. Even though they can give up to 0.50% lower than CIMB, I still find CIMB package attractive. Reason? The flexibility allows us to save on total interest paid to FI.
Hi Wendy
We regret to inform that due to the good response the Guaranteed Rental Returns offer is no longer available as we have reached our quota. However, interested buyers are most welcome to contact us directly at +604-2280888 for the latest update.
Anyone has any idea what is the % of units sold here so far?
Also when is OC expected?
Thanks.
Hi Hunza,
Has the Stop Works Order been lifted on your project?
Can anyone advise me the maintenance fee psf plz. Thank you.
I heard that the project manager was being demoted due to the Stop Work issue.
Heard the sales from this project is not good.. the company staff went for oversea trip to sell this property . I think is more like spending company money for tour ..cuti cuti dunia. I learn one thing from buying property that there is no " guaranteed return " that is why is call risk
see how many wall crack after 21 Dec 2012 .. I scare stay at condo/apartment .. so scare .. so many earthquake.... from last year Dec until yesterday ..so many earthquake .... last week .. Mexico 7.1, Indonesia 7.8, China 4.x and yesterday 4.1 ... terrible .... good luck !!
Pesonnaly, don't think their Paragon will do well. You have one 'tai kor' in Gunrey Plaza (managed by Capita land). Hope it won't end up like Penang Times Square. High end condo should not link to shopping plaza. It should be exclusive...some bad planning here.
Actually most units are sold... especially those facing the sea. Only those facing the city are left. So not bad at all....
As for the mall... Hunza has appointed Knight Frank (KF) to get the tenants. Am not sure if they will be the mall manager eventually... KF doesn't hv the experience to run a successful shopping mall.
Who said the sale is good for the Paragon? Pls go and check your facts la, developer also said sold but in fact based on what they said sold, non-bumi units? Reserved by directors units? Pls la, don't try to sell you product here ok.
This is the 2nd time that the land around the project had sunken with big cracks on the roads and with neigbor condomininums. The land in and around Gurney in fact is not stable as below ground are full of marine clay which is subject to under sea water movement.
As Smart said the land is not stable around this area, more than one condo building has suffered some problems due to the unstable ground. However, this project is embedded in risk as when the ground around this area sunk it took them the entire day to fill it and it appeared that their attempts of filling it had very little effect at the begining, i have no idea how they managed to finally fill it in. It felt like you were seeing a 2012 movie scene with the ground sunk and roads cracked.Be careful with your purchase and make sure you get a insurance with good pay back...
I beleive property insurance does not cover for building damage due to land sinking (force majuere)?
Becareful. Probably you will lost your sea view once the land opposite is reclaim. This is inevitable as the sea is already silting up and it is a matter of time this sea/land will be filled, highway and building will take it's position. So at the current high price Hunza is charging is not conducive to buy. Gurney Drive will no longer be a coastal drive.
Hunza has a bad reputation.Viewed Alila few weeks back and found out that the lobbies’ fountains was leaking less then 6 mths after VP and it was switched off until today. It has yet to be fixed by Hunza. Some say hunza are buying time and will wash their hands when strata title is out some time this year.
Floor tiles of many units also cracked just within 4 mths after OC and still happening.
Words on the street are that Infinity is having a land scam court case still going on.
So, careful if want to buy from Hunza.
Has anyone seen the completed projects? Any more units for sale?
I for one think this Paragon is way over priced. Beside the layout is not that good either. I wouldn't buy.
This developer is terrible. See how they take off the skin of the hundred years old trees (2 trees) along Kelawai road? its obvious they intend to kill these trees....
OC pass ard??
OC passed.
Property sales slip on economy worries, polls talk
KUALA LUMPUR, Oct 24 — Property sales have fallen off their 2010 peak while investors and home buyers move to the sidelines as worries of a global economic slowdown, government cooling measures and uncertainty due to the upcoming general election start to bite.
The slowdown is most severe in the luxury high-end segment which has seen prices drop by as much as 25 per cent due to oversupply and unattractive rental yields, prompting more developers to start paying attention to the more affordable mid-market segment which is expected to be less affected by a softening of demand.
OSK Research said in a report last week that Sunway, one of the nation’s biggest developers, expects the property market to soften over the next six months while Paramount Property Development managing director Datuk Ricque Liew told The Malaysian Insider that there has been a “marked change” in terms of sales from last year to this year especially in the high-end segment.
Property analysts contacted by The Malaysian Insider meanwhile expect sales to slow from a high of 21 per cent growth last year to between zero and five per cent growth next year or even contract if the economy takes a turn for the worse.
Patrick Chay, founder of PropertyTalk & Lifestyle Malaysia, a social media platform for property investors with 448 members, said the mood among members has turned conservative with gloomy economic news and the looming general election, which must be held by the first half of 2013, weighing on decisions on whether to buy.
Paramount’s Liew said developments in the high-end segment in areas like KLCC and Mont Kiara were the most affected by rulings such as the 70 per cent cap on loan-to-value mortgages for third properties and the inability to attract tenants for rental yield as some properties sit empty for as long as 15 months or more.
Property consultant and valuer Elvin Fernandez of the Khong & Jaafar group of companies said properties had historically been priced at 4-5 times household income but had shot up to as much as 10 times income, while rental yields for the benchmark double-storey terrace houses, especially at hot spots, had slumped below the three per cent threshold.
“The mood and sentiment has changed,” he said. “A lot of sales have slowed down and developers are not selling as briskly as before.”
The Valuation and Property Services Department (JPPH) of the Ministry of Finance, in its first half report for 2011, said that against the first half of last year, the volume and value of transactions recorded double-digit growth of 18.1 per cent and 29.7 per cent respectively but grew at a lower rate of 10.2 per cent and 12.6 per cent respectively when compared against the second half of last year.
Former JPPH deputy director-general Datuk Mani Usilappan said however that there is generally a lag in terms of data collected in the first-half report which is more reflective of transactions done toward the end of last year.
“I am not confident that there will be a correction,” he said. “What will probably happen is a slowing down of the take-up rate.”
Wow!
Expect many units to go for auction just like One Ritz.
So, you should wait if you are interested to buy.
Hi lim,
Why do you think so? Was that the case for One Ritz? Do you know the reason?
No many buyers can afford >2M property.
If you know the truth, MM2M is a joke.
Check around your friends around you.
90% believe the price correction is around the corner.
This prevalence is enough to slow down the market.
hi,i follow this blog everyday but this is my 1st comment.
i am one of the owner of one of the unit.i bought it basically for retirement, not for speculation.
Most of the owners i know has my same intention.After buying , selling is not an option.I really enjoy my stay whenever i am in penang.
U must know by now, location, facility come with price.
I terrace house in klang valley are fetching price of <1 mil.
Also, most of the units here has all been sold.
I'm seriously thinking to get one unit from the developer (2.2Mil and above) and I think this condo is worth more than RM700/Sqft. As the upcoming Setia V residence are quoted close to 1000/sqft.
I feel the price will still appreciate after the shopping mall is completed!
B4 buying you may need to consider,
Is the land sinking problem permanantly fixed or warrantied by Hunza?
The sea view may not be there becos the $ on the table is too BIG for the State Government to walk away (regardless BN or Pakatan).
Land reclaimation is just a matter of time.
Watch out.
Gurney Reclamation for E&O Link Road.
Penang Overarching Transport Master Plan Strategy
3rd Floor Foyer Area, Komtar, Pulau Pinang
Mon-Friday 16 to 20 April, 2012 9.00AM to 5.00PM
Mon-Friday 23 to 27 April, 2012 9.00AM to 5.00PM
Sunway Carnival Mall
Saturday 21 April 2012 10.00AM to 5.00PM
Sunshine Farlim Mall
Saturday 21 April 2012 10.00AM to 5.00PM
Bye bye sea view...
高檔產業售價下調‧發展商促銷保買氣
大馬 2012-04-25 17:44
（吉隆坡25日訊）國家銀行打債行動不只衝擊二手房產和中低價房產，高檔產業也感受到寒風來襲，發展商推出的豪宅新盤開始調低售價，以及提供更多促銷配套，力保市場買氣。
http://biz.sinchew-i.com/node/59615
Just checked with Hunza again and was told West tower only left 2 units and East tower (4000sqft+) were only left 2 to 3 units. compare to Chinese year period, there are closed 20 units unsold!
Still many rich people and yet no issue to economy slowdown and Gurney Reclamation for E&O Link Road!!!
Did anyone manage to snap a photo or found a link for this Penang Overarching Transport Master Plan Strategy?
Please email me rafael91Ltd@gmail.com
Thanks.
Regards,
Rafael
We have all the uncertainties from every corners of the world (US, Europe dollar zone, Japan Yen appreciation, China slowdown, Australia slowdown, GE13...)
高檔產業價格寫最大跌勢
以產業種類計，則以高檔產業價格寫下最大跌勢，達6.2%，其中柔佛及檳城各跌14%及12.5%；獨立洋房跌4.1%，當中雪隆各挫13.7%及11.9%；而半獨立式及排屋的跌幅較為輕微，僅分別走低2.4%及1.3%。
吉隆坡19日訊
http://biz.sinchew-i.com/node/61788?tid=23
Penang's CRYING SHAME
SHAME on the STar paper for promoting the preperty fair as the premier event for all penangites... the properties prices are outrageous ,excessively inflated and ridiculous which is unaffordable to penangites.
We see unscrupulous greedy developers, bankers, real estate agents colluding together manipulating the prices on every corners , even the media is roped in giving half-truths and propaganda… they now sharpening the knives going in for the kill .. daylight robbery
fleecing, a rip off ...
BNM and the authorities should wake up start taking action before the situation explode
“ Justice must not only be done but must be seen to be done ! “…
Shame! Shame! Shame!
You might be shopping in the wrong place. The property fair is showcasing luxury property only. If you can't afford, just move along and find something else.No one is forcing you.
For the past weeks , the Star has been incessantly harping on the blatant raping of the hills and greenery in Penang by the developers building high-rise condos and blaming the state goverment for approving the projects that penangites residents are against … today we see the Star unashamedly extolling the “stylish living” that comes with the purchase of these exorbitantly priced high-rise condos !
What a paradox…. “the people’s paper “ ? not anymore …. disgraceful !
I fully agree with you.It is becoming a political paper.I've stopped reading them effectively.
I agreed I found the Star very bias.
Just to refresh our memory ……
The Star (owned by MCA )
3 month ago …… Barren Hill ….
3 weeks ago …. Dying Hill
3 days ago …. CRYING Hill ….
Today ….. “STYLISH LIVING “ !!!!!!!!!!!!!!!!!
Real Shameless Hypocrites !
the gurney paragon mall will be up and ready for business mid 2013.By then the valuable will be substantially increased. u try to analyse all the pass commends and ideas fm this blog, it seems all of u are pretty amateur.Not a single comment come close.
Gurney Paragon, nice location for now and will be gone soon on the new reclaim land by the new state government. What a shame and it is very noisy also staying in this kind of tourist areas with all the pub and F&B outlets noise. Anyway, some people like it very much.
now that the soft launch of the paragon mall has taken place, the outlook of the 2 residence towels is much more positive and clear.The demand to own or live in is extremely great, the value much appreciated (double the original price). The developer has great hope for the property and has put in allot of effort and money to prompt up the place. This is a win win case .
A unit selling with Tenancy (RM 7,000) asking for RM 3 mil. Mail me direct at summercfl84@hotmail.com. TQ
High floor unit3000sqft for rent (RM8000).
-Seaview
-Fully furnished
Interested tenant please contact 0123944737
any owner wish to let go their 4000+sf? i have sincere buyers and i'm property agent here. Thanks
summercfl84@hotmail.com / 012-5425 819 (please whatapps only) thanks
Hi, anyone know what's the average psf launch price for Gurney Paragon?
Any owner wish to let go?Serious buyer and only wechat / whatapps 012-5425819
Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.
Owner wish to letting go? Email : summercfl84@hotmail.com
Any unit for sales? Owner please email summercfl84@hotmail.com / wechat/whatapps 012-5425819.TQ
Few unit on hand !!!
For sale RM2.95Mil for 2810sft
For sale RM4.2Mil for 5400sft
For rent RM7000
Kindly contact Jaycus 0172262899
Any unit for sales? Owner please email summercfl84@hotmail.com
Dear Owner
shall you have unit for sale/ rent, kindly contact me...
What's App is available
email : pgproperty79@hotmail.com
James Quah
019-5089996
Gurney Paragon, Gurney Drive, Penang
- West Tower (Total : 191 units only)
- 2,810 sq ft, 3+1 bedrooms, 4 bathrooms
- 2 car parks
- renovated
- furnished
- move in condition
- seaview
- with condominium facilites
- For Sale at RM 3,200,000
Fong Sien
Rich Hill Realty
H/P : (016) 492-7181
For more property listings, please logon to :
http://www.durianproperty.com.my/agent/fongsien
http://www.propwall.my/users/85920/fongsien
Gurney Paragon West Tower
Fully Renovated fully furnished
Just bring your bag
For sales RM3.1m
Pls contact Eugene 012-4870006
any owner let go? can mail me at summercfl84@hotmail.com. Thanks
for sale :
2810sf
fully renovated
fully furnished
sea view
asking 3.2m
3150sf asking 3.2m
MORE DETAILS OR VIEWING ,KINDLY CONTACT KHING 016-4125033.TQVM
any owner let go? can mail me at summercfl84@hotmail.com or whatapps 012-5425819.Thanks
hi lovely owner wish to letting go their unit can email me at summercfl84@hotmail.com. Thanks
West Tower Type B ( limited Unit )
2850sf with Partly Renovated & Furnished
Above 28th Floor
Asking 3.2mil
016-4757775 Ronald Ng
Any owner wish to release their unit? Email direct summercfl84@hotmail.com
West Tower , high floor, unit B , 2800sf, fully furnished & renovated, for rent 6900 per month. direct full seaview , key with me thanks.. call 0164596777
1 unit Gurney Paragon Residences for Sale:
- west tower, high floor, unit D
- built-up area: 3132sf
- 3+1 bedrooms 4 bathrooms
- fully renovated & fully furnished
- move-in condition
- 2 indoor designated parking bays
- selling price: RM3.2mil negotiable
Interested buyer, please contact:
ST Lim (Agent: REN04047)
Mobile: 012-7818182
E-Properties, E(3)0979
Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.
Owners who are willing to let go or rent can contact me too. TQ
Gurney Paragon west wing for rent: RM6500
Block: west wind
Fully reno and funi
Move in condition
Middle floor
One of the cheapest in market
For more information or To view the unit, kindly call Kevin 017 4987068
GURNEY PARAGON FOR SALE:
Location: Gurney Drive
Surrounding Amenities: Gurney Plaza, G Hotel, Gurney Hotel, Gurney Drive Famous Food Court, Restaurant, Hawker Centre, Beauty Salon, Hair Salon, Petrol Station, Taxi / Bus Station and etc...
- HIGH FLOOR
- BU: 3132sq.ft
- FULLY RENOVATED
- FULLY FURNISHED
- 3+1 Bedrooms, 3+1 Bathrooms
- 2 Car Parks
- SEA VIEW
- Freehold
-For Sale: RM3mil ( NEGOTIABLE )
WORTH BUY !!!
BELOW MARKET VALUE !!!
For more information or To view the unit, kindly call Kevin 017 4987068
Hi,
I have some units for sale and rent. Pls call or watsapp Anthony from Popular Realty. 0124333370 or 0124338798. U can also email to intradayman@gmail.com. TQ
Will try my best to negotiate for u. TQ and have a nice day.
Owners who are willing to let go or rent can contact me too. TQ
FOR RENT
GURNEY PARAGON
- BUA 4500 sq.ft
- 4 room / 5 bathroom
- Fully furnished
- Fully renovated
- 4 car park
- RENTAL : RM 9000 per month
Jey Ong | +6012-410 5562
Meridin Property
hi owner any property wan to sale pls contact me jack
email: th.shim@yahoo.com
thank you
have buyer consider .......OR rent
我们将会提供您最专业的服务
I'm Mr Khor here. I'm a register housing agent. I have few unit here want for sale. Do you are interested to buy please contact me. Thanks
012-5503543
Mansion properties
Tower west
36 floor
30 floor
21 floor
16 floor
17 floor
11 floor
few unit on hand want for sale
welcone to contact 012-5503543 Khor ( register housing agent)
2.5 Storey Bungalow With Land 8500sqft RM 1,770,000
Batu Ferringhi 2.5 Storey Bungalow For Sale Open Bidding
33% Below Bank Value
Land Area 8500sf
Built up 4000sf
5 bedrooms ,4 bathrooms
3 Balconies
Market Value Rm 2,650,000
Reserve Price Rm 1,770,000Only
(RM 208 PER SQUARE FEET)
Worth for Investments
Cheaper in Market
Agents are welcome co -broking.Know more about open bidding ways please can contact
Kenneth Kung 016 5216618
For viewing or whatapps more info
Thank you
Any owner wish to sell / rent? email or whatapps me at 012-5425819 / vivianchan_340@yahoo.com
Hi,
I have few units on hand for sale and rent. Don't Hesitate to contact me or watsapp me. I will serve you best. Thank You.
If Owner want to sell or rent your unit, you are welcome to contact me too. Thank You.
Jaycus (From Lynl'D Realtor)
0172262899
jaycus1985@gmail.com
----------------------------------------------------------------------
嗨，
我手头上有几个单位可供出售和出租。 不要犹豫，联系我或watsapp我。 我会为您提供最好的服务。 谢谢。
如果业主想出售或出租你的单位，欢迎与我联系。 谢谢。
Jaycus（来自Lynl'D房地产经纪人）
0172262899
jaycus1985@gmail.com
Hi,
I have few units on hand for sale and rent. Don't Hesitate to contact me or watsapp me 0123032348 Thank You.
If Owner want to sell or rent your unit, you are welcome to contact me too. Thank You.
Warren 0123032348
我手头上有几个单位可供出售和出租。 不要犹豫，联系我或watsapp我。 我会为您提供最好的服务。 谢谢。
如果业主想出售或出租你的单位，欢迎与我联系。 谢谢。
Gurney Paragon, Gurney Drive, Penang
- an exquisite luxury condominium development
- West Tower (Total : 191 units only)
- 3,132 sq ft, 3+1 bedrooms, 4 bathrooms
- 2 car parks
- renovated
- furnished
- partial seaview
- freehold
- with condominium facilities
- prime location in the island of Penang with its close proximity to the infamous tourist hotspot of Gurney drive which offers a host of local and international cuisine, shopping options and entertainment
- For Sale at RM 3,000,000 negotiable
For further information, please contact
Fong Sien (REN 28590)
LynL D'Realtor
H/P : (016) 492-7181
http://gohfongsien.iagent.my/
Gurney Paragon, Gurney Drive, Penang
- West Tower (Total : 191 units only)
- 2,810 sq ft, 3+1 bedrooms, 4 bathrooms
- 3 car parks
- renovated
- furnished
- move in condition
- seaview
- with condominium facilites
- prime location in the island of Penang with its close proximity to the infamous tourist hotspot of Gurney drive which offers a host of local and international cuisine, shopping options and entertainment
- To Let at RM 7,000
For further information, please contact
Fong Sien (REN 28590)
LynL D'Realtor
H/P : (016) 492-7181
http://gohfongsien.iagent.my/
Gurney Paragon
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