The last four ‘sea-facing’ bungalows on Penang’s nostalgic strip in Gurney Drive are gone – sold for over RM20mil to Hong Kongers. While there are no known plans yet over the fate of the land, its yield may go up to over RM130mil in the future.
GEORGE TOWN: One of Malaysia’s most high-end neighbourhoods, Gurney Drive, has proven it is real estate gold after Hong Kong investors snapped up four bungalows in the area for over RM20mil.
The bungalows are the “last stretch” of old properties along Gurney Drive, which has been named in international publications as one of the best places to check out for culinary delights.
