11 Gurney Drive

11 Gurney Drive is a luxury condominium in Penang Island, which was developed by Ikatan Awana, a joint venture between KHSB Equity (a member of the Bukhary Group of Companies related to Tan Sri Syed Mohktar Al Bukhary) and Wirawasa. This low density condo which has a total of 59 luxurious units with only 2 units per floor was completed in 2007. 11 Gurney Drive is strategically located along Penang's prominent waterfront, Gurney Drive. It is easily accessible via major roads in Penang such as Kelawai Road, Bagan Jermal Road, and Tanjong Tokong Road. This freehold condo is also close to many public amenities such as restaurants and cafes, shopping mall (Gurney Plaza, Island Plaza), hospital (Adventist Hospital), school (Penang Chinese Girls High School, Convent Pulau Tikus, St Nicholas School), churches, temples, mosque, and so on.For home owners who think privacy is of utmost importance, then 11 Gurney Drive would be suitable for them as there are only 2 units per floor. The number of units per floor clearly indicates that this luxury condo is indeed a very low density development. Basically, there are 3 lifts on each floor to cater for the two units.

Property Details

Name: 11 Gurney Drive

Address: 11, Persiaran Gurney, Penang

Developer: Ikatan Awana

Completion Date: 2007

Type: Condominium

Tenure: Freehold

No. of Blocks: 1

No. of Storey: 34

No. of Units: 59

Maintenance Fee: RM0.20 psf

Subsale Price:

Rental:

Layouts

Type A

4,198 sf

4 + 1 bedrooms; 5 bathrooms

Level 5 - 34

Type B

3,466 sf

3 + 1 bedrooms

Level 5 - 34

Facilities

Level 1 (Ground floor)

Baggage room

Mail room

Reading lounge

Drivers' waiting room

Car washing bays

Loading bay

Level 2

Cocktail terrace

Conference room (Wifi)

Squash court

Management office

Level 3

Multi-function / music room

Gymnasium

Games room

Spa

Sauna

Changing / shower rooms

Level 4

Swimming pool

Children's pool

Children's playground

Glass folly 1 & 2

Barbecue area

Poolside timber deck

Sun deck

Seaview deck (Wifi)

Laundry room

Security

IP broadband

Video conferencing

Market Trends

Analysis

11 Gurney Drive is located at an up market area that easily attracts expatriates and the affluent group of people. However, this particular area may be too congested with high rise developments and future developments along the same road. Future developments would certainly increase the density of this area which is already deemed as densely populated. Apart from that, the future developments would also further contribute to the existing heavy traffic flow particularly during the weekends and public holidays. As Gurney Drive is one of the popular tourist attractions in Penang, traffic congestion is considered a norm along Persiaran Gurney. The sea view at Gurney Drive is undeniably beautiful, but definitely not during low tide season. When it's low tide, the place does not only become muddy but there is also foul smell. As 11 Gurney Drive units is located along Persiaran Gurney and face the sea, the odor would obviously make a person's stay at this condo an unpleasant experience. A few years ago, the local government had proposed to build the Penang Outer Ring Road (PORR), an elevated expressway which connects Gelugor (near Penang Bridge) to Tanjung Bungah on Penang Island. This expressway could possibly cut down one's traveling time but if it was constructed, all developments along Gurney Drive (including 11 Gurney Drive) would be blocked by it. Even though the PORR has been postponed indefinitely after a mid-term review of the Ninth Malaysia Plan, potential buyers should take note that there is high chances that this project could be revived in the future. If it really happens, 11 Gurney Drive could be facing an expressway and be exposed to noise pollution instead of the serenity of a sea view property. 11 Gurney Drive does not only offer full condo facilities but it also has a lot of additional amenities to complement its resident's lifestyles. For such a privilege, it is really reasonable for a maintenance fee of RM0.20 psf. Apart from that, it is also worth mentioning that this luxury condo is beautifully landscaped and it was designed by a well known landscape designing company.Pricing wise, the current value of 11 Gurney Drive clearly shows that it targets potential property buyers from the affluent market. If one were to compare the current subsale value against the overall design of the condo, layout plans, facilities provided as well as location, it is considered reasonable. So, 11 Gurney Drive is deemed suitable either for property investment or for own stay as it appears attractive to expatriates as well as local well-to-do people. However, this type of property would definitely be categorized as expensive for an ordinary person from the low or middle income group.