The Regency

The Regency (also known as The Regency Condominium) is one of the luxury condominiums located along Penang's prominent waterfront. This freehold condo which was completed in 1999 consists of one block of 37-storey condominium with a total of 100 units. The condo units range from 4,040 sf to 5,000 sf with only 3 units on each floor.The Regency is strategically located between Persiaran Gurney (Gurney Drive) and Kelawei Road, which is exactly beside Gurney Plaza (new wing) and G Hotel. This luxury condo is accessible via major roads in Penang Island namely Gottlieb Road, Burma Road and Tanjong Tokong Road. The Regency is within short distance to Penang's famous hawker food stalls, restaurants, hotels (G Hotel, Evergreen Laurel Hotel and Gurney Hotel), schools (Convent Pulau Tikus, Penang Chinese Girl’s High School and St. Nicholas School), hospitals (Penang Adventist Hospital and Gleneagles Hospital), temples, churches, mosques, etc.

Property Details

Name: The Regency (also known as The Regency Condominium)

Address: Persiaran Gurney, Penang

Completion Date: 1999

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 37

No. of Units: 100

Built-up: 4,040 – 5,000 sf

Maintenance Fee: RM0.16 psf

Subsale Price:

Rental:

Facilities

24-hour security

Swimming pool

Wading pool

Gymnasium

Squash court

Tennis court

Children’s playground

Landscaped garden

BBQ area

Jacuzzi

Reading room

Sauna

Visitor’s lounge

Analysis

The Regency is a low-density development with only 3 units on each floor. All units at this luxury condo have been constructed with unobstructed view of the sea. Type A and C which are the smaller units have both sea and city views whereas the largest unit (Type B) only has a single view. As the waterfront is a hot location on Penang Island, it is understandable that most property owners would prefer the sea view. However, it is rather awkward that the largest unit only has one view – the sea view while the other two smaller units get to enjoy both the sea and garden/city views. All three types of layouts at The Regency, particularly Type A and C, have sharp corners which may cause difficulty in furniture arrangements. Apart from that, some property owners also believe that any sharp corner in a house brings bad luck to the residents. However, the viability of the connection between one’s luck and the sharp corners in a house depends very much on one’s belief in Fengshui aspects.The Regency may be located along Penang's well-known sea front but its close proximity to commercial buildings would definitely be an important factor to consider. As mentioned earlier, The Regency is situated next to G Hotel and Gurney Plaza's new wing. Ever since the construction and opening of both commercial buildings, the garden/city view of lower units (particularly Type A and Type C) has been blocked. Apart from that, traffic congestion is also another big issue, especially during weekends and public holidays. Dust and noise pollution are also some negative points to consider. A few years back, there was a proposal by the local government to build the Penang Outer Ring Road (PORR), an elevated expressway which connects Gelugor (near Penang Bridge) to Tanjung Bungah on Penang Island. This elevated expressway was claimed to be able to reduce traveling time. However, if it was constructed, all developments along Gurney Drive (including The Regency) would be blocked by it. Even though the PORR has been indefinitely postponed, potential property buyers should seriously take note that there are high chances of this project being revived in the future.Pricing wise, The Regency's subsale price is on par with that of other high rise luxury developments within the same area. However, it fetches a lower rental value as compared to other luxury condos such as 11 Gurney Drive. This could possibly be due to the condo’s close proximity with commercial buildings.