Gurney Paragon is currently being developed by Hunza Properties, which is one of the well-known property developers in the local property market. More often than not, property buyers are intimidated to purchase properties, especially if those properties are developed by unknown or less popular developers.
Although the recent economy slowdown, buyers probably need not worry so much about this, since the developer of Gurney Paragon has had many proven track record of successful projects. Having successfully completed other reputable developments such as Marina Bay, Alila and also Green Lane Heights, the developer’s good reputation in the local property market has truly demonstrated its credibility.
Gurney Drive is one of the upmarket areas on Penang Island. However, with the rising population at this particular area, it will definitely aggravate the existing heavy traffic flow problem. Therefore, Persiaran Gurney (Gurney Drive) which is one of Penang’s tourist attractions is often packed with cars, particularly on weekends and also public holidays. Residents at Gurney Paragon may find it difficult to enter and exit the premise, and the situation could even worsen once the second phase of the mixed development which consists a lifestyle shopping mall is completed.
Further to the population factor, Gurney Drive is already deemed as densely populated with so many new high rise developments mushrooming along Persiaran Gurney as well as Kelawei Road. As Gurney Paragon, a mixed development on a small plot of land joins the other new developments; the density status of this place would become even more congested.
The sea view at Gurney Drive is obviously beautiful but definitely not during the low tide season. One should take note that during the low tide season even though a property with a seafront view appeals to most people, Gurney Drive becomes muddy with foul smell. The odour could bring unpleasant experience to residents staying at Gurney Paragon.
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 with the intention to cut down travelling time. However, if it was constructed, all developments along Gurney Drive (including Gurney Paragon) would be blocked by it.
According to the PORR’s initial route plan, it would be built exactly beside the PG1 condo (1 Persiaran Gurney), and crosses directly in front of Gurney Paragon, and also other condos along Persiaran Gurney. Potential property buyers should take note that there is high possibility of this project being revived in the future Even though the PORR has been postponed indefinitely.
Pricing wise, Gurney Paragon’s value is comparable to that of similar developments around the Gurney Drive as well as Pulau Tikus areas, within the range of RM1.4 mil and above. However, as mentioned earlier, this luxury condo could be sitting on a plot of land with unstable soil. So, some buyers might prefer to buy other condos around the same area that has the same, if not better facilities and also advantages. Nevertheless, Gurney Paragon is undeniably the only luxury condo built under a mixed development plan with easy access to fine restaurants as well as shopping malls.